Courtesy of Sean T Gerke and Damir Knezevic of Century 21 All Stars Realty Ltd
10317 107 Ave
Edmonton
T5H 0V7
$1,780,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4347114
- Build. Type:
- Low Rise (2-4 stories)
- Photos (29)
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Assumable Mortgage 2.19% | Creative financing will be considered | Exceptional investment opportunity in the heart of downtown Edmonton! This centrally-located property, zoned CB1, boasts a portfolio of 10 fully-leased units, offering a healthy cap rate and perfect for entry-level multifamily investors. This dynamic assortment includes 6 one-bedroom units, 2 two-bedroom units, and a spacious three-bedroom unit. Additionally, the property includes a non-compliant bachelor suite. Benefit from the location, within walking distance to both MacEwan University and the Royal Alexandra Hospital. Residents enjoy immediate access to education, healthcare, and the downtown lifestyle. Furthermore, this property resides in a community presently undergoing a vigorous renewal process, heralding promising prospects for increased future value. All proposals are welcome. *Please do not approach tenants*
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories)
- # Units:
- 10
- Tot Pkg Spaces:
- 10
- # Storeys:
- 2.5
- Year built:
- 1953 (Age: 71)
- Total Floor Area:
- 5,925 sq. ft.
- Lot Area:
- 0 sq. ft.
- Land Use/Zoning:
- CB1
- Plan:
- B3
- Title to Land:
- Freehold
- LINC Number:
- 0010071389
- Num. of Parcels:
- 1
- Cap Rate %:
- 5.95
- Gross Operating Income:
- $111,360
- Other Income:
- $10,000
- Effective Gross Income:
- $121,360
- Net Operating Income:
- $86,269
- Total Oper. Expenses:
- $35,091
- Tot Expenses:
- $35,091
- Days On Website:
- 309 day(s)
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Data was last updated April 28, 2024 at 06:30 AM (UTC)
- Clint Kilkenny,Thomas Clark, Sean Gerke & Kelly Vloet
- TRUSTED REALTY GROUP /CENTURY 21 A.L.L.STARS REALTY LTD
- 1 (780) 887-7854
- Contact by Email