68 Arthur Close Red Deer, Alberta T4R 3M5
$350,000
Investment Opportunity - Fully Tenant-Occupied Duplex with Cash Flow Potential!This remarkable duplex presents a lucrative opportunity for both investors and owner-occupants.The upper two levels operate under a single lease, securing a total monthly income of $1,650. This lease is in place until July 31, 2024, ensuring a stable income stream for a while. Each upper-level bedroom boasts their own four-piece ensuite and walk-in closet, guaranteeing privacy and comfort for the tenants. The modern kitchen with an island, eating bar, pantry, and a convenient half bathroom on this level enhances daily living.Meanwhile, the illegal basement suite enjoys its own lease generating $750 per month and is currently secured until December 31, 2023. This suite includes a three-piece bathroom and an open concept area, combining the bedroom, kitchen, and dining space seamlessly.In the shared area of the basement, you'll find the utility room and ample storage for your convenience. The attached single garage adds an extra layer of convenience for storage and such. Driveway and street parking for the upper levels while the basement suite has its own gravel parking pad out back! Both units have their own laundry to boot.Recent improvements to the property include a full roof re-shingle (entire duplex, not just half), landscaping, tree trimming, the addition of a garden box, and the front porch was re-done. But it wasn't just the exterior of the house that got attention as the basement was meticulously finished and the whole house had new paint and new flooring installed. And don't forget that you have tankless, hot water on demand!! As an added bonus, this property includes not only two of every standard major appliance but also four separate exterior furniture sets: a small patio set on the ground-level rear for the basement suite, a large patio set on the upstairs rear deck for the upper levels, a picnic table in the rear yard, and a small patio set on the front porc h. Whether you're an astute investor seeking consistent rental income or a discerning homeowner looking for a comfortable, mortgage helper, this duplex is a compelling opportunity. The value of buying with tenants already in place ensures an immediate return on your investment. (id:33281)
Property Details
| MLS® Number | A2080338 |
| Property Type | Single Family |
| Community Name | Aspen Ridge |
| Community Features | Pets Allowed |
| Features | Treed, Pvc Window |
| Parking Space Total | 4 |
| Plan | 0324378 |
| Structure | Deck |
Building
| Bathroom Total | 4 |
| Bedrooms Above Ground | 2 |
| Bedrooms Below Ground | 1 |
| Bedrooms Total | 3 |
| Appliances | Refrigerator, Dishwasher, Stove, Microwave, Microwave Range Hood Combo, Window Coverings, Washer & Dryer, Water Heater - Tankless |
| Basement Development | Finished |
| Basement Features | Separate Entrance, Suite |
| Basement Type | Full (finished) |
| Constructed Date | 2004 |
| Construction Material | Poured Concrete, Wood Frame |
| Construction Style Attachment | Semi-detached |
| Cooling Type | None |
| Exterior Finish | Concrete, Shingles, Vinyl Siding |
| Fireplace Present | No |
| Flooring Type | Carpeted, Hardwood, Tile, Vinyl |
| Foundation Type | Poured Concrete |
| Half Bath Total | 1 |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1235 Sqft |
| Total Finished Area | 1235 Sqft |
| Type | Duplex |
Parking
| Other | |
| Street | |
| Parking Pad | |
| Attached Garage | 1 |
Land
| Acreage | No |
| Fence Type | Fence |
| Landscape Features | Fruit Trees |
| Size Depth | 37.79 M |
| Size Frontage | 7.62 M |
| Size Irregular | 3101.00 |
| Size Total | 3101 Sqft|0-4,050 Sqft |
| Size Total Text | 3101 Sqft|0-4,050 Sqft |
| Zoning Description | R1a |
Rooms
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 4pc Bathroom | 4.92 Ft x 8.58 Ft | ||
| Second Level | 4pc Bathroom | 5.92 Ft x 8.17 Ft | ||
| Second Level | Bedroom | 12.92 Ft x 13.50 Ft | ||
| Second Level | Primary Bedroom | 12.83 Ft x 12.67 Ft | ||
| Lower Level | Furnace | 3.75 Ft x 6.67 Ft | ||
| Lower Level | 3pc Bathroom | 9.58 Ft x 5.33 Ft | ||
| Lower Level | Bedroom | 14.33 Ft x 12.92 Ft | ||
| Main Level | 2pc Bathroom | 5.58 Ft x 4.75 Ft | ||
| Main Level | Dining Room | 8.25 Ft x 7.50 Ft | ||
| Main Level | Kitchen | 10.25 Ft x 11.08 Ft | ||
| Main Level | Living Room | 11.00 Ft x 13.83 Ft | ||
| Unknown | Kitchen | 3.83 Ft x 11.33 Ft |
https://www.realtor.ca/real-estate/26066692/68-arthur-close-red-deer-aspen-ridge
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Central Alberta REALTORS® Association
Royal LePage Network Realty Corp.
September 27 2023 03:08:26
