Thanks for viewing this Preferred Property below. If you have any questions or would like to schedule a viewing, please feel free to call our office at 780-701-2626 and ask for Anu Khullar or John Carter. Toll free is 1-877-417-2626 or email by clicking on the envelope logo on the left of the photos on the listing.
Courtesy of Anahid Shahmoradi of MaxWell Challenge Realty.
$155k of upgrades and reno?s in the last 7 years. 6 plex Corner Lot 45.7 x 15.2 SQM 100% occupancy for the last 8 years. Current market rates present potential to increase profit / cap rate by up to 25%.Current rent rates may be attractive for CMHC MLI Select financing. All tenants are month to month. Close to NAIT, Royal Alex Hospital, Blatchford and the Future LRT. Major upgrades include parking/sidewalk (3 years), boiler (3 years), hot water tank (4 years), exterior paint (4 years), balconies (4 years), main doors (5 years), roof repairs (2 years), a new mail lockbox, security system, and additional storage space. Five of the six suites have been renovated, and the heating and security systems can be controlled remotely by the new owner. Current rents are $1,100 for two-bedroom units and $900 for one-bedrooms(never raised for years) plus Laundry revenue which can be raised as well.
Listing Information
Prop. Type:
Multi-Family (Commercial)
Status:
Active
City:
Edmonton
MLS® Number:
E4408363
Neighbourhood:
Westwood_EDMO
Area:
Edmonton
Province:
AB
Listing Price:
$900,000
General Information
Year Built:
1972
Zoning/Land Use Code:
For Sale
Region:
Edmonton
Additional Information
Plan:
RN52
Legal Block:
3
Legal Lot/Unit:
20
Other Information
Land Size Hectares:
0
Building Type:
Freestanding, Low Rise (2-4 stories), Multi Tenant
This property is listed by Anahid Shahmoradi of MaxWell Challenge Realty and provided here courtesy of
Anu Khullar.
For more information or to schedule a viewing please contact Anu Khullar.