Red Deer Portfolio

Red Deer, Alberta
Red Deer Alberta

Red Deer Portfolio View1

Property Type

Multifamily
Property Size
54 469 Sq Ft
Available Space
9 583 Sq Ft - 12 785 Sq Ft
Opportunity Type
Sale
Price
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Related Links

DescriptionClick Here To View Mapped Property

Click Here To View Mapped Property

JLL Capital Markets, Multifamily, Edmonton ("JLL") has been retained by the Vendor on an exclusive basis to arrange fro the sale of Pembroke House, Exeter Court, Lincoln House, Park Royal Manor, and Valleyview Manor; collectively known as the "Red Deer Portfolio".

The five wood-frame buildings consist of 59 units and present a Prospective Purchaser with an attractive value-add investment opportunity in Red Deer, Alberta. 

Investment Highlights:

  • Five properties with a total of 59 spacious units
  • Suite mix favoring one bedroom units (80%) catering to the tenant demographic for the area
  • Excellent curb appeal with cosmetic upgrades completed on all properties
  • Energized surface parking stalls
  • R2/R3 - Residential (multiple family) District Zone
  • Economies of scale for management and other operating efficiencies
  • Value-add opportunity with potential to increase revenue with modernization of suites
  • 4 out of the 5 properties are located on the same block




Features


 



Contact a Broker
Paul Gemmel_Commercial Real Estate Broker
Paul Gemmel

+1 780 328 2559

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Ray Townsend_Commercial Real Estate Broker
Ray Townsend

+16042672455

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