AB
Red Deer
T4P1W3
35 Orient Green
35 Orient Green, Red Deer, AB T4P1W3
Listing Type
Multi Family
Listing Status
active
33
$659,900

Home Details for 35 Orient Green

Price
$659,900
Type
Residential Income
Bedrooms
0
Bathrooms
Square feet
NaN
Year built
1979
Parking
Days on site
0
Listing #
27960988
Listing Courtesy: RE/MAX real estate central alberta
Property Description

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 (2022), 2 new furnaces, rebuilt oversized balconies, and newer windows. 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:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
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EXIT REALTY SPECIALISTS
6363 Lady Hammond Rd., Halifax, NS B3K 2S2
Tracy Shuttleworth
License #: 1812295
Sales Representative
Office
506 663 5787
Agent
902 483 9078
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