80 Nash Street, an excellent revenue-generating investment property for sale in Red Deer
New price: $339,900
This is a great revenue property because it has two 3-bedroom suites and each floor suite is over 1400 square feet. So many suited properties have small floor plans. Both suites have their own separate entrance and separate laundry. There have been some recent improvements including a new bathroom downstairs and paint and flooring upstairs. The main floor suite is very bright and well-lit, windows have been upgraded to vinyl and there’s a large deck off the living room.
The lower-level suite also has three bedrooms, an office, and storage, and it’s entered through the attached single garage. A great safety feature in the lower suite is the built-in sprinkler system. The kitchen is smaller downstairs but the living room is huge. The last owner rented the lower suite per room to earn additional income.
A property with two, 3-bedroom suites (6 rooms) will earn more income than a home with two smaller suites, and remember, the garage will earn additional income.
Because this home has a larger-than-average floor plan a family could own and live upstairs while renting the lower-level suite to pay most of the mortgage. That’s one way to get ahead :-).
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