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 in the future. Gross income of $113,040/year is approximate. Building foot print is 48' x 64'. Two levels above grade with basement level at half grade. Alley access to ample parking. Property could have condo conversion potential.
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