12 suite apartment in excellent rental area on Red Deer's east end. 11 Two bedroom and 1 One bedroom. Rents are between $750-$850 with most rents being increased to $825-$850 in the future. Six bay detached garage is each rented separately (1x$175, 1x $150, 4 x $200). Gross income of $124,200/year is approximate. Huge pie lot. Building foot print is 48' x 64'. Two levels above grade with basement level at half grade. Alley access to ample parking. Property may have condo conversion potential. Complete viewings only with accepted offer in place.
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