92 Oak Street Red Deer, Alberta T4P 1S1

4599 sqft
None Forced Air Lawn


INVESTOR ALERT!!!Introducing 92 Oak Street, Red Deer – an outstanding 1978 Bi-Level four-plex that presents an excellent investment opportunity. This property offers a unique chance for investors to secure a steady rental income stream. The four-plex structure consists of units spread over two floors, ensuring spacious living arrangements that appeal to tenants.With a private rear parking area providing one dedicated stall for each of the four units, as well as additional street parking, convenience is at the forefront. Meticulously maintained by its current owners, the property is in impeccable condition, guaranteeing peace of mind for potential buyers looking to make a wise investment.The units come equipped with essential appliances such as refrigerators, stoves, washers, and dryers. Any additional appliances needed are the responsibility of the tenants, adding to the property's low upkeep for owners.Each unit offers a unique living arrangement:- The upper level consists of approximately 568 sq/ft, featuring one bedroom, a 2-piece bathroom, family room, dining room, laundry area, and kitchen.- The lower level comprises approximately 511 sq/ft, offering two bedrooms, a 4-piece bathroom, and a utility room.The property has been consistently fully tenanted, making it an attractive and reliable income generator for investors. Balconies of all units have been meticulously maintained and repaired by the owner, showcasing the commitment to a well-maintained property.Strategically situated near Taylor Dr and 67th St, the property benefits from easy access to various amenities, including doctors' offices and shopping centers. The location is also conveniently just a 5-minute drive from QEII and Downtown, adding to its overall appeal.A unique advantage for potential buyers: With one unit recently becoming vacant, new owners have the option to live in one of the units while the other three units contribute to covering the mortgage. This presents a smart str ategy to maximize returns. Another notable aspect is that all four units were combined onto one title in 2023, streamlining the administrative process for the new owner.Overall, 92 Oak Street holds significant potential for investors seeking a reliable income source. Its strategic location, well-maintained condition, and the possibility of owner occupancy make it a compelling proposition. If you're looking to make a wise investment that offers both immediate and long-term benefits, don't miss the chance to explore 92 Oak Street. (id:33281)

Property Details

MLS® Number A2075800
Property Type Multi-family
Community Name Oriole Park
Features No Animal Home, No Smoking Home
Parking Space Total 7
Plan 7621978
Structure Deck
Total Buildings 1


Appliances Refrigerator, Stove, Washer & Dryer
Basement Development Finished
Basement Type Full (finished)
Constructed Date 1978
Construction Material Poured Concrete, Wood Frame
Cooling Type None
Exterior Finish Concrete, Stucco
Fireplace Present No
Flooring Type Carpeted, Linoleum
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Size Interior 4599 Sqft
Total Finished Area 4599 Sqft
Type Multi-family


Parking Pad


Acreage No
Fence Type Not Fenced
Landscape Features Lawn
Size Irregular 7735.00
Size Total 7735 Sqft|7,251 - 10,889 Sqft
Size Total Text 7735 Sqft|7,251 - 10,889 Sqft
Zoning Description R2


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