4813 53 St - Apartments FOR SALE
Red Deer, AB T4N 2E7 |
$2,240,000 CAD
780-328-2583
4813 53 St
Red Deer, AB T4N 2E7
HIGHLIGHTS
- Fiftythird Apartments contains 12 two-bedroom suites on three levels; as well as in-suite laundry, stainless steel appliances and balconies/patios.
- Direct access to Downtown Red Deer and Highway 2.
- Housing prices, utilities, and everyday expenses in Red Deer are generally more affordable, making it an attractive option for residents.
- The population of Red Deer increased 3.4% year-over year in 2023, and is expected to continue to grow.
- When compared to similar properties in the area, there is an upside of $316, or 20% available at the Property upon turnovers and renewals.
- Secondary markets often have lower competition, easier entry into the market, strong rental demand, and often have lower cost of doing business.
FOR SALE DETAILS
PRICE
$2,240,000 CAD
PRICE/SF
$112 CAD /SF
# OF UNITS
12
PRICE/UNIT
$186,667
CAP RATE
Request Cap Rate
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Fiftythird Apartments
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
3
YEAR BUILT
2014
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.27 AC
LAND SF
11,761 SF
ZONING
C-1
APN/PARCEL ID
38411
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780-328-2583
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780-328-2583
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