About 3518 48 Avenue
***CASH COW - 6.32% CAP RATE*** INCREDIBLE INVESTMENT OPPORTUNITY! This 3 PLEX sits on a corner lot, in a quiet area, right by the park and across from a treed reserve! Each unit has 3 bedrooms, 1.5 bathrooms, vaulted ceilings and new stainless steel appliances! Yearly rent is $65,400! Tenants pay utilities. South backyard, 6 paved parking stalls and 3 storage sheds. Tenants to be assumed.
Features of 3518 48 Avenue
| MLS® # | A2197103 |
|---|---|
| Price | $750,000 |
| Bedrooms | 9 |
| Bathrooms | 6.00 |
| Full Baths | 3 |
| Half Baths | 3 |
| Square Footage | 1,800 |
| Acres | 0.13 |
| Year Built | 2001 |
| Type | Residential |
| Sub-Type | Row/Townhouse |
| Style | Bi-Level |
| Status | Active |
Community Information
| Address | 3518 48 Avenue |
|---|---|
| Subdivision | South Hill |
| City | Red Deer |
| County | Red Deer |
| Province | Alberta |
| Postal Code | T4N 3S3 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Parking | Off Street, Parking Pad, Stall |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior Features | See Remarks, Vaulted Ceiling(s) |
|---|---|
| Appliances | Other |
| Heating | In Floor, Forced Air |
| Cooling | None |
| Fireplace | Yes |
| # of Fireplaces | 3 |
| Fireplaces | Electric |
| Has Basement | Yes |
| Basement | Finished, Full |
Exterior
| Exterior Features | Private Entrance, Storage |
|---|---|
| Lot Description | Back Lane, Corner Lot, Cul-De-Sac, Few Trees, Rectangular Lot, See Remarks, Street Lighting |
| Roof | Asphalt Shingle |
| Construction | Stucco, Wood Frame |
| Foundation | Poured Concrete |
Additional Information
| Date Listed | February 28th, 2025 |
|---|---|
| Days on Market | 3 |
| Zoning | R2 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | RE/MAX Real Estate (Central) |
|---|