68 Arthur Close Red Deer, Alberta T4R 3M5

3 Bedroom 4 Bathroom 1235 sqft
None Forced Air Fruit Trees


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


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 Pad
Attached Garage 1


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


Level Type 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


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