Courtesy of Clint B Kilkenny of Century 21 All Stars Realty Ltd

5015 48 Street
Legal Legal T0G 1L0

$490,000
Multi-Family Commercial

Main Photo: 5015 48 Street: Legal Multi-Family Commercial for sale : MLS®# E4314913
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4314913
Build. Type:
Residential Mix
What an opportunity! Well maintained 7 plex low rise apartment building boasting over 5800 sq ft of rental space located in the quaint town of Legal. A nice mix of four - 2 bedroom units a 3 bedroom unit , a 1 bedroom unit and a bachelor, all but one with their own laundry! Located just 30 minutes to Edmonton with a cap rate that cannot be touched by city properties, this is a fantastic investment! New boiler, well maintained units, and many long term tenants. Easily managed, this is a great investment that can take you into retirement.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Residential Mix
# Units:
7
Tot Pkg Spaces:
4
# Storeys:
1.0
Year built:
1977 (Age: 45)
Total Floor Area:
2,920 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
commercial
Lot Depth:
140'
Lot Frontage:
50'
Heating Source:
Natural Gas
Plan:
1273BE
Title to Land:
Freehold
LINC Number:
0010014074
Playground Nearby, Shopping Nearby, Back Lane, Schools
Appliances Included
Units Include:
Fridge, Stove, Washer / Dryer
Num. of Parcels:
1
Cap Rate %:
7.6
Gross Operating Income:
$63,720
Other Income:
$0
Effective Gross Income:
$62,000
Net Operating Income:
$37,100
Total Oper. Expenses:
$24,900
Tot Expenses:
$24,900
Entry date:
Sep 27, 2022
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Data was last updated December 2, 2022 at 02:30 PM (UTC)
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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