Madeleine Ficaccio

Calgary Property for SALE #4

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52.26
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-113.83

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5501 37th St, Red Deer: $799,495

Hello Everyone! We are Diamond REIN Members and have recently expanded our business into the States and therefore, have decided to sell some of our great properties in Calgary and Red Deer. Please see below for details and let me know if you would like further information and pictures!

5501 37th St, Red Deer: $799,495

Apartment style 6 plex; great mix! (5 – 3 bedrooms; 1 – 2 bedroom); great for conversion. 3 suites FULLY renovated; 3 suites partially renovated… in very nice condition. All hallways refinished; new security locks; coin laundry; great area only a few blocks from Red Deer College; lots of parking; large corner lot.

Mthly rent Unit 1 $900.00

Unit 2 $895.00

Unit 3 $1,095.00

Unit 4 $995.00

Unit 5 $1,195.00

Unit 6 $995.00 (CURRENTLY KEEPING VACANT FOR SHOWINGS)

Yearly rent when fully occupied $72,900.00

Unit 6 is vacant

Yearly figures below:

Property Tax $6,202.00/yr

Insurance $1,824.00/yr

Garbage/water $3,325.00/yr

Common area electricity: $1478/yr

Gas: $3000/year (approx... need to verify)

Current Mortgage: approx. $570K (residential mortgage); This is a GREAT mortgage in place; cannot get residential anymore from ANY banks on a 6 plex!

Just renewed: fully open (prime + .6)…. Payment $2598/month

Can be assumed with qualifying; can lock in for 5 year variable at 2.75%!

I will help to find an RRSP 2nd mortgage to place after closing to pull out some of your original investment!

PLEASE DO NOT APPROACH TENANTS!

Call Today for pictures and more information!

Madeleine Ficaccio, B.Comm.
The VEA Group Inc.
www.veagroup.ca
Diamond REIN Member
Top Player (REIN 2010)
Top Ten Alberta (South - REIN 2005, 2006, 2007)
Renovator of the Year (Dan - South - REIN 2008)
Office: (403) 547-7227
Cell: (403) 471-4337 (best # to reach me at)
Fax: (403) 239-8319
Email: vea@shaw.ca

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