DOUBLE THE OPPORTUNITY! Discover the investment potential of this well-maintained, side-by-side bi-level duplex at 231 & 233 Kendrew Drive in Red Deer. Offering two separate residential units, established tenants and a combined rental income of $3,000 per month, this property presents an appealing opportunity for investors looking to add a complete duplex to their portfolio.Each side features a functional bi-level design with comfortable main-floor living spaces and additional lower-level accommodation. The two units offer approximately 1,302 sq. ft. of combined above-grade floor area, plus their respective lower levels. The property has benefited from attentive ownership and ongoing maintenance, including improvements to flooring, countertops and appliances in 233 Kendrew Drive.Both units are currently rented at $1,500 per month, with tenants responsible for utilities. Existing leases extend to July 1, 2027, for 233 Kendrew Drive and September 1, 2027, for 231 Kendrew Drive, providing an established rental arrangement for the incoming owner.Whether you're growing an existing investment portfolio or looking to acquire your first multi-unit property, this duplex offers the advantages of two income-producing residences in one investment. A practical property with established income, maintained interiors and flexibility for future ownership plans! (id:51989)
Features of 231 & 233 Kendrew Drive
- MLS® Number A2353145
- Price $639,800
- Square Footage: 1302 sqft
- Property Type: Multi-Family
- Community Name: Kingsgate
- Amenities Near By Park
- Parking Space Total 4
- Plan 0125935
- Structure Deck
Buildings
| Appliances | Refrigerator, Dishwasher, Stove, Washer & Dryer | Architectural Style | Bi-level |
| Constructed Date | 2002 | Construction Style Attachment | Attached |
| Exterior Finish | Vinyl Siding | Flooring Type | Laminate, Linoleum |
| Heating Fuel | Natural Gas | Heating Type | Forced Air |
| Size Interior | 1302 Sqft | Total Finished Area | 1302 Sqft |
| Type | Multi-family | Utility Water | Municipal Water |
Parking
| Other |
Land
| Acreage | No | Land Amenities | Park |
| Landscape Features | Landscaped | Sewer | Municipal Sewage System |
| Size Irregular | 3197.00 | Size Total | 3197 Sqft|0-4,050 Sqft |
| Size Total Text | 3197 Sqft|0-4,050 Sqft | Zoning Description | R-d |
Agents and Offices
- Patrick Galesloot
- Office: Century 21 Advantage