Multifamily Properties
Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty
10732 96 Street
Edmonton
T5H 2J6
$1,049,900
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4394167
- Build. Type:
- Low Rise (2-4 stories)
- Photos (58)
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BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON AVERAGING OVER $85,000.00 A YEAR NET PROFIT! THE TAJ MAHAL OF ROOMING HOMES! CREATIVE FINANINCING AVAILBLE FOR THIS EXTREMLY WELL MAINTAINED 21 SUITE ROOMING HOME! Located in Downtown Edmonton this property has GENERATES FANTASTIC REVENUES and BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Annual revenues for 2023 were $134,280.00 and net profits were $89,832.20 which would run over an 7% CAP RATE. This is definitely a JEWEL OF A PROPERTY AND IS A MUST SEE! OWNER WILL CONSIDER TRADES.
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Bus Op Since:
- 1992
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories)
- # Units:
- 21
- Tot Pkg Spaces:
- 3
- # Storeys:
- 2.0
- Year built:
- 1926 (Age: 98)
- Total Floor Area:
- 5,200 sq. ft.
- Lot Area:
- 0 sq. ft.
- Plan:
- ND
- Title to Land:
- Freehold
- LINC Number:
- 0014520077
- Park/Reserve, Shopping Nearby, Public Transportation, Public Swimming Pool, Schools, See Remarks, View City, View Downtown
- Num. of Parcels:
- 1
- Cap Rate %:
- 7.81
- Gross Operating Income:
- $134,280
- Other Income:
- $0
- Effective Gross Income:
- $0
- Net Operating Income:
- $89,320
- Total Oper. Expenses:
- $44,447
- Tot Expenses:
- $0
- Days On Website:
- 116 day(s)
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Data was last updated October 18, 2024 at 06:30 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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