35 Orient Green Red Deer, Alberta T4P 1W3
$659,900
This fully rented, substantially renovated well-maintained fourplex in Oriole Park is the perfect addition to any investor’s portfolio! Situated directly across from a green space and just minutes from parks, playgrounds, schools and shopping, these 3 bedroom, 1.5 bathroom units are the perfect place for families to call home. Recent upgrades include newer flooring, paint, a new roof and new windows in 2022 with the remainder of a 25 year warranty, 2 new furnaces, and rebuilt oversized balconies. Unit C has also been renovated to an open concept main floor and a new kitchen. All units are currently rented with excellent long-term tenants, and rents can be increased on all 4 units as of June 1, 2025. Market rents for these units will pull $1500+ per month with tenants paying own electricity and gas, giving this building a cap rate of over 8%. Tenants are currently paying $1,375, $1,350 (all utilities included) and $1,150 and $1,050, with tenants paying their own electricity and gas. Each unit is separately metered, so rents can easily be increased and utilities moved into tenant’s names. Each unit has a designated parking stall at the rear of the property, and there is additional street parking available out front. This is an excellent investment to add to your portfolio with exceptional cash flow. (id:57810)
Property Details
| MLS® Number | A2194198 |
| Property Type | Multi-family |
| Neigbourhood | Oriole Park |
| Community Name | Oriole Park |
| Amenities Near By | Park, Playground, Schools, Shopping |
| Features | Back Lane, Closet Organizers |
| Parking Space Total | 6 |
| Plan | 7720978 |
| Structure | Deck |
Building
| Appliances | Refrigerator, Dishwasher, Stove, Microwave Range Hood Combo, Hood Fan, Washer & Dryer |
| Architectural Style | Bi-level |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1979 |
| Construction Material | Poured Concrete, Wood Frame |
| Exterior Finish | Concrete, Stucco |
| Flooring Type | Carpeted, Laminate, Linoleum, Vinyl |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 2,413 Ft2 |
| Total Finished Area | 2413 Sqft |
| Type | Multi-family |
Land
| Acreage | No |
| Land Amenities | Park, Playground, Schools, Shopping |
| Size Total Text | Unknown |
| Zoning Description | R-m |
https://www.realtor.ca/real-estate/27960988/35-orient-green-red-deer-oriole-park
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March 04 2025 11:26:18
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RE/MAX Real Estate Central Alberta
