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25 Eastman CRES #A, B, C, D Red Deer, AB T4R 2E4
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Key Details
Sold Price $670,000
Property Type Multi-Family
Sub Type 4 plex
Listing Status Sold
Purchase Type For Sale
Square Footage 2,254 sqft
Price per Sqft $297
Subdivision Eastview Estates
MLS® Listing ID A2192486
Sold Date 03/04/25
Style Bi-Level
Originating Board Central Alberta
Year Built 1984
Annual Tax Amount $4,076
Tax Year 2024
Lot Size 6,884 Sqft
Acres 0.16
Property Sub-Type 4 plex
Property Description
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.
Location
Province AB
County Red Deer
Zoning R2
Rooms
Basement Finished, Full
Interior
Heating Forced Air, Natural Gas
Cooling None
Appliance Gas Stove, Refrigerator, Washer/Dryer
Exterior
Parking Features Alley Access, Off Street, Parking Pad
Garage Description Alley Access, Off Street, Parking Pad
Utilities Available Cable Available, Electricity Available, Natural Gas Available, Garbage Collection, High Speed Internet Available
Roof Type Asphalt Shingle
Total Parking Spaces 8
Building
Sewer Public Sewer
Water Public
Architectural Style Bi-Level
Structure Type Stucco,Wood Frame
Others
Restrictions None Known
Tax ID 91493531
Ownership Private
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