Courtesy Of Rick Jenkins Of MaxWell Polaris

7148 Parke Ave., Red Deer

$2,250,000


INVESTOR ALERT! A nicely upgraded and appealing 2.5 storey wood-frame 18 unit apartment. Excellent suite mix of mainly two and three bedroom suites. Located just 1 block east of Gaetz Ave. in the northern quadrant of Red Deer. Very close to shopping and public transportation. Significant suite and common area upgrades, newer hot water tank, Duro-last roof replaced 2004, most decks repaired. Significant rent increases being served which will significantly increase cap rate and returns. Seller will entertain Agreement for Sale with $600K down subject to buyer qualification. An appealing buy for an astute investor!

Listing Details
Office

Courtesy Of Rick Jenkins Of MaxWell Polaris

Essential Information
MLS® #E4324041
Price$2,250,000
Square Footage18,287
Acres0.00
Year Built1976
TypeMulti-Family Commercial
Community Information
Address7148 Parke Ave.
AreaRed Deer
SubdivisionPines
CityRed Deer
ProvinceAB
Postal CodeT4P 1M9
Amenities
Parking Spaces18
Interior
# of Stories3
Exterior
ConstructionWood Frame
Additional Information
ZoningR3

Listing information last updated on March 26th, 2023 at 12:47pm MDT.

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