Courtesy of Ricky Chowdhury of Century 21 All Stars Realty Ltd

10629 110 Street
Zone 08 Edmonton T5H 3C7

$1,998,000
Multi-Family Commercial

Main Photo: 10629 110 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4408942
Photo 1: 10629 110 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4408942
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4408942
Build. Type:
Low Rise (2-4 stories)
Shelby Arms is a boutique Multi-Family Walk-up Apartment with 12 total units, 11 x one-bedroom units & 1 x Studio suite. On a quiet street just north of the 'WOW' amenities of 104th Street with close proximity to Downtown, NAIT, the Arena and public transportation to the U of A & all areas of the City. All suites are corner-end units with luxury finishing at this affordable price with a good capitalization rate. UPGRADES: Most suites w/ gourmet kitchens with quartz countertops & seven appliances, not to mention spa-like bathrooms with Jacuzzi tubs. All suites have maintenance-free flooring, mostly solid hardwood & porcelain tile. Many more were put into most suites, such as frosted glass doors, new windows, newer siding, newer roof, newer electrical throughout, updated fire alarm, new parking lot, boiler in 2014 & most mechanical. Low maintenance landscaping, new balconies or patios on all suites but two. Some suites come furnished. The Residential building is being sold under a single land title.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Multi Tenant/Multi Plex
# Units:
12
Tot Pkg Spaces:
11
# Storeys:
3.0
Year built:
1960 (Age: 64)
Total Floor Area:
6,463 sq. ft.
Lot Area:
0 sq. ft.
Lot Depth:
150'
Lot Frontage:
50'
Heating Source:
Natural Gas
Plan:
B4
Title to Land:
Freehold
LINC Number:
0038864112
Appliances Included, Shared Laundry, Parking-Visitor, Deck, Vinyl Windows
Reports Avail:
Appraisal, Financial Statements, Information Package, Pro-Forma, Tenancy Schedule
Num. of Parcels:
1
Cap Rate %:
6.27
Gross Operating Income:
$181,044
Other Income:
$0
Effective Gross Income:
$181,044
Net Operating Income:
$130,465
Total Oper. Expenses:
$100,400
Tot Expenses:
$100,400
Days On Website:
31 day(s)
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Data was last updated November 2, 2024 at 08:30 PM (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.