Multifamily Properties
Courtesy of Jeneen L Marchant of RE/MAX Real Estate
11938 80 Street
Edmonton
T5B 2N7
$625,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4384668
- Build. Type:
- Multi Tenant/Multi Plex
- Photos (39)
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LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920’s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry.
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Wood Frame
- Building Type:
- Multi Tenant/Multi Plex
- # Units:
- 5
- Tot Pkg Spaces:
- 5
- # Storeys:
- 3.0
- Year built:
- 1991 (Age: 33)
- Total Floor Area:
- 4,284 sq. ft.
- Lot Area:
- 0 sq. ft.
- Lot Depth:
- 150'
- Lot Frontage:
- 50'
- Plan:
- RN63
- Title to Land:
- Freehold
- LINC Number:
- 0011942273
- None Known
- Units Include:
- Fridge, Stove, Washer / Dryer
- Num. of Parcels:
- 1
- Cap Rate %:
- 4.85
- Gross Operating Income:
- $75,000
- Other Income:
- $0
- Effective Gross Income:
- $31,935
- Net Operating Income:
- $30,303
- Total Oper. Expenses:
- $44,697
- Tot Expenses:
- $44,697
- Days On Website:
- 131 day(s)
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Data was last updated September 8, 2024 at 12:30 AM (UTC)
- JILL JORDAN
- RE/MAX REAL ESTATE
- 1 (780) 7773434
- Contact by Email
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Jill Jordan
jilljordan@remax.net
Cell:
780-777-3434
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