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

11830 101 Street
Zone 08 Edmonton T5G 2G3

$2,499,995
Multi-Family Commercial

Main Photo: 11830 101 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4347460
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4347460
Build. Type:
Low Rise (2-4 stories)
Assumable Mortgage @ 2.64% | Creative financing will be considered | Prime investment opportunity! This 15-suite multi-family apartment complex, walking distance from NAIT, offers a mix of 3 bachelor, 10 one-bedroom, and 2 two-bedroom suites. Notable upgrades: fixed foundation in 2009, a new boiler system in 2016, resurfaced parking lot in 2010, and suite renovations. All suites are separately metered, easing management. Despite excellent location and amenities, current rents are below market - a clear avenue for income growth. Grab this chance to enrich your portfolio with a property in a high-demand area. 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:
15
Tot Pkg Spaces:
15
# Storeys:
3.0
Year built:
1973 (Age: 51)
Total Floor Area:
13,230 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Plan:
RN52
Title to Land:
Freehold
LINC Number:
0015381890
Num. of Parcels:
1
Cap Rate %:
4.66
Gross Operating Income:
$159,720
Other Income:
$0
Effective Gross Income:
$159,720
Net Operating Income:
$116,484
Total Oper. Expenses:
$43,236
Tot Expenses:
$43,236
Days On Website:
252 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.