7148 Parke Avenue | Red Deer, AB | Northfield Commercial Real Estate

Red Deer, AB

new

$2,090,000

Property Attributes

Property Type Multifamily

List Price $2,090,000

Address 7148 Parke Ave

City Red Deer

Province AB

Lease or Sale sale

SQFT 26,718 Sqft

Active / Sold active

Description

This nineteen suite apartment building is located at 7148 Parke Avenue in Red Deer, Alberta.

It is a two and a half storey, low-rise, wood-frame construction building with balconies. It was built in 1980. Parking is surface and paved.

The suite mix is 1 one-bedroom suite, 9 two-bedroom suites and 8 three-bedroom suites. There is also a non-conforming bachelor suite.

The building is located in an ideal location and experiences long-term tenants, and low vacancy rates (2% in 2020).

The building has received recent upgrades including: cabinetry, flooring, interior doors, light fixtures, fresh paint, and new trim. The roof, siding and balconies have all be replaced or refinished in the last ten years.

7148 Parke Ave, Red Deer, AB, Canada

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$2,090,000

852

https://northfieldcommercial.com/properties/7148-parke-avenue-red-deer-ab/

7148 Parke Ave, Red Deer, AB, Canada

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