This well-maintained 4-plex is an excellent investment opportunity, with all four units currently rented to reliable long term tenants. Located at 25 Eastman Crescent, this property offers a steady rental income and has seen numerous updates over the years. Each unit features a 1-bedroom, ½ bath upstairs and a 2-bedroom, full bath downstairs, providing spacious living arrangements for tenants. The property has been converted into a condo, the building holds 4 separate titles but is being sold as a single package, offering flexibility to the new owner. The property boasts a newer roof, vinyl windows throughout, replaced back decks, and updated exterior doors, including screen doors replaced last year. Tenants are responsible for snow removal and lawn care, and all units are clean and well-maintained. Updates have been made in three out of the four units over the years, with one long-term tenant in place for 15 years who has had minimal updates. This property is an ideal choice for investors looking for a solid, income-producing asset in a desirable location. With all units currently rented, this is a hassle-free opportunity to grow your portfolio.
Address
A, B, C, D, 25 Eastman Crescent
Property Type
Multi-Family
Type of Dwelling
4 plex
Style of Home
Bi-Level
Area
Red Deer
Sub-Area
Eastview Estates
Floor Area
2,254 Sq. Ft.
Lot Size
6884 Sq. Ft.
Year Built
1984
MLS® Number
A2192486
Listing Brokerage
RE/MAX real estate central alberta
Basement Area
Finished, Full
Postal Code
T4R 2E4
Zoning
R2