Fully rented 4plex with 3 bedroom, 1 bathroom units and excellent tenants. Situated on a quiet crescent and backing on to a treed reserve with a playground, these units are also walking distance to multiple schools and great for families. Two units have been renovated with vinyl plank flooring throughout, paint, some new cabinetry and light fixtures, and there's a new furnace in one unit. Shingles replaced in 2019, and all new concrete sidewalks were poured 4 years ago. All units are currently rented with excellent tenants, and rents can be increased immediately on 3 suites, with the other available for an increase on June 1, 2025. Tenants are currently paying $1300, $1400, $1300 (all utils included) and one unit is $1100 and pays its own gas and electricity. Market rents on these units are currently $1300 with tenants paying own electricity and gas (each unit is separately metered) so rents can easily be increased. Each unit has its own paved parking pad with room for 2 vehicles, and there's additional street parking available out front. This property can be purchased with 24 Gilchrist next door for the simplicity of having side by side buildings to make for easier maintenance and management.
Address
28 Gilchrist Crescent
List Price
$625,000
Property Type
Multi-Family
Type of Dwelling
4 plex
Style of Home
Bi-Level
Area
Red Deer
Sub-Area
Glendale Park Estates
Floor Area
2,192 Sq. Ft.
Year Built
1982
MLS® Number
A2182200
Listing Brokerage
RE/MAX real estate central alberta
Basement Area
Finished, Full
Postal Code
T4P 2X6
Zoning
RM
Site Influences
Back Lane, Interior Lot, Low Maintenance Landscape, Schools Nearby, Shopping Nearby, No Neighbours Behind, Park, Playground, Sidewalks, Street Lights