This four-storey low-rise apartment building at 16 - 4750 55 Street in Waskasoo, Red Deer was constructed in 1963 and contains 15 rental suites: thirteen one-bedroom units and two bachelor suites. Currently operating at 73% occupancy with gross monthly income of $10,320, the building includes coin laundry and 19 paved parking spaces with alley access. Recent updates include a new hot water tank and flooring upgrades in select units. Several tenants hold long-term leases. Before committing to a purchase, prospective investors should engage a professional to review all condo or building documentation, including financial statements, operating budgets, reserve fund assessments, and capital improvement plans to fully understand the property's financial health and management practices.