5435 39 Street Red Deer, Alberta T4R 1R4
$259,900
This fully rented LEGALLY SUITED investment property is an excellent turnkey opportunity that's currently professionally managed. Tenants are in place who would like to stay. Excellent quiet westpark location with proximity to several schools, parks and the Red Deer Polytechnic. Seller states the property has been easy to rent and remained vacancy free for years. This home offers separate entrances & shared laundry. The upper unit is 2 bedrooms. The lower suite is one bedroom. There are no parking worries as the upper tenant has a garage and the lower tenant has off street parking in the back. Detached Garage is 24 X 30 One half has a cement floor and a heater. It is separated from the other half with a partitioned wall. The second bay has a dirt floor with a wood over top and access to attic storage. Home has a greenhouse attached on the back that is heated. Great CAP rate Current rents are $1431 and $815 for a total of $2246. The Landlord pays the utilities. In 2022 Monthly expenses for taxes, utilities and insurance averaged $636 for a Net of approx $1600/month. The property has had many updates and some original features. Windows have been replaced, shingles are approx 10 years old, one original furnace the other was replaced, upgraded electrical to 100 amp panel, insulation was added to the attic, most of the flooring has been replaced. Upper Tenant is in a fixed term lease to October 31, 2023. The lower level tenant is month to month but has indicated he's willing to sign a lease. This property is also an ideal option for an owner to live up and have a mortgage helper suite in the basement. (id:33281)
Property Details
| MLS® Number | A2063913 |
| Property Type | Single Family |
| Community Name | West Park |
| Amenities Near By | Park, Playground |
| Features | Back Lane |
| Parking Space Total | 3 |
| Plan | 6269af |
| Structure | None |
Building
| Bathroom Total | 2 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 3 |
| Appliances | Washer, Refrigerator, Range, Dryer |
| Architectural Style | Bungalow |
| Basement Features | Suite |
| Basement Type | Full |
| Constructed Date | 1950 |
| Construction Material | Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | None |
| Fireplace Present | No |
| Flooring Type | Carpeted, Laminate |
| Foundation Type | Poured Concrete |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 868 Sqft |
| Total Finished Area | 868 Sqft |
| Type | House |
Parking
| Detached Garage | 2 |
| Other |
Land
| Acreage | No |
| Fence Type | Partially Fenced |
| Land Amenities | Park, Playground |
| Landscape Features | Landscaped |
| Size Depth | 38.1 M |
| Size Frontage | 15.24 M |
| Size Irregular | 6250.00 |
| Size Total | 6250 Sqft|4,051 - 7,250 Sqft |
| Size Total Text | 6250 Sqft|4,051 - 7,250 Sqft |
| Zoning Description | R1a |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Basement | Living Room | 14.67 Ft x 11.67 Ft | ||
| Basement | Kitchen | 12.00 Ft x 12.00 Ft | ||
| Basement | Primary Bedroom | 12.00 Ft x 11.67 Ft | ||
| Basement | 3pc Bathroom | .00 Ft x .00 Ft | ||
| Main Level | Living Room | 17.25 Ft x 12.50 Ft | ||
| Main Level | Kitchen | 12.50 Ft x 12.00 Ft | ||
| Main Level | Primary Bedroom | 12.50 Ft x 10.00 Ft | ||
| Main Level | 4pc Bathroom | .00 Ft x .00 Ft | ||
| Main Level | Bedroom | 9.17 Ft x 10.00 Ft |
https://www.realtor.ca/real-estate/25803667/5435-39-street-red-deer-west-park
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August 15 2023 04:02:09
