Exceptional Investment Opportunity - 62 Unit Apartment Building in Red Deer

CorySperle

Senior Forum Member
REIN Member
Sep 1, 2010
694
440
63
Edmonton
#1
We have had a busy year buying in Alberta this year. Vacancies are going down and rents are rising, despite the recovering economy. We have purchased a total of 68 suites in Spruce Grove in Red Deer, and have just secured another amazing deal in Red Deer. This will be our 10th apartment building purchased since 2008. We have been investing in real estate for almost 20 years and have a strong track record of buy/improve/sell many times over!

Why should you invest in this building with us?
  • Solid, proven, and repeatable track record.
  • 20 suite asset purchased in Spruce Grove in 2018 for $1,750,000 with 30% vacancy. Building full and value $2,200,000 4 months later.
  • 48 suite asset purchased in Red Deer in 2018 for $3,024,000 with 50% vacancy. Building full and refinanced for $5,380,000 8 months later.
  • CMHC vacancy has dropped from 13.1% to 8.6% (Oct 2017 to Oct 2018) and rents are rising after a brutal 3+ recession years.
  • Solid rental market and several recent apartment sales, a flurry of construction activity this year.
  • Massive opportunity to add value quickly with upgrades and rent increases, as we have done twice this year.
If this is of interest please feel free to contact me further and please visit our website Altyn Equities for more information

I would also encourage you to complete a short 10 minute survey to see how this investment is suited for you. You can find the link here

Happy investing and a peaceful and prosperous 2019!

Red Deer.JPG
 
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