Courtesy of Sean T Gerke and Damir Knezevic of Century 21 All Stars Realty Ltd

10711 104 Street
Zone 08 Edmonton T5H 2W4

$1,080,000
Multi-Family Commercial

Main Photo: 10711 104 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4346927
Photo 1: 10711 104 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4346927
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4346927
Build. Type:
Low Rise (2-4 stories)
Invest in the promising potential of Central McDougall with this multi-family property. Built in 1963, this classic building houses 4 one-bedroom units, 2 two-bedroom units, and a sizable three-bedroom unit. Situated just north of Downtown Edmonton, the property is a stone's throw from MacEwan University and the Royal Alex Hospital, making it a great choice for students and healthcare professionals alike. Additionally, its downtown proximity means residents are moments away from a variety of dining, shopping, and entertainment venues. The community is eagerly embracing change and transformation. As an investor, this provides an opportunity for substantial growth and contribution to an area ready for positive change. With a high cap rate, this property presents an enticing opportunity for entry-level multi-family investors looking to make an impact. All proposals are welcome. Creative financing will be considered. *Please do not approach tenants*
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
7
Tot Pkg Spaces:
7
# Storeys:
2.0
Year built:
1963 (Age: 61)
Total Floor Area:
7,499 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
CB1
Plan:
B4
Title to Land:
Freehold
LINC Number:
0015492622
Num. of Parcels:
1
Cap Rate %:
7.0
Gross Operating Income:
$108,600
Other Income:
$3,000
Effective Gross Income:
$111,600
Net Operating Income:
$75,570
Total Oper. Expenses:
$36,030
Tot Expenses:
$36,030
Days On Website:
256 day(s)
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Data was last updated March 5, 2024 at 02:30 AM (UTC)
Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.