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

10729 108 Street
Zone 08 Edmonton T5H 3A4

$2,850,000
Multi-Family Commercial

Main Photo: 10729 108 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4347122
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4347122
Build. Type:
Low Rise (2-4 stories)
Assumable Mortgage 2.35% | Creative financing will be considered | Exciting investment opportunity in downtown Edmonton! This commercial multi-family apartment is perfect for both entry-level and seasoned investors. With 16 one-bedroom units, 3 two-bedroom units, and 5 bachelor units, this property offers a diverse range of living options. Fully occupied with no vacancy, it guarantees immediate cash flow and boasts a high cap rate. Zoned as R8A, it offers flexibility for expansion and development. Built in 1963 on a 15,000+/- sq.ft. RA8-zoned lot, it provides ample parking. Close to Rogers Arena, Grant MacEwan, Royal Alex Hospital, Kingsway Mall, and downtown. Access to LRT. Upgrades include a 2010 SBS Membrane Roof, energy-efficient systems, and eco-conscious fittings. Low and varied rental rates allow for potential increase. 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), Walk Up
# Units:
24
Tot Pkg Spaces:
22
# Storeys:
2.5
Year built:
1963 (Age: 61)
Total Floor Area:
16,652 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA8
Plan:
B4
Title to Land:
Freehold
LINC Number:
0010093920
Num. of Parcels:
1
Cap Rate %:
6.14
Gross Operating Income:
$228,720
Other Income:
$13,400
Effective Gross Income:
$242,120
Net Operating Income:
$174,920
Total Oper. Expenses:
$67,200
Tot Expenses:
$67,200
Days On Website:
255 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.