12321 82 Street

Zone 05 Edmonton T5B 2X3

This 9 Unit Multi-Family property is located at 12321-82 Street NW in Edmonton, Alberta. It is a 2.5 storey wood frame building with a concrete foundation originally constructed in 1968 and there are 2 Bachelor; 4 One BR; plus 3 Two BR suites. The exterior is covered with brick, stucco and siding and there are 6 balconies. The roof was replaced in 2017 and the boiler is original and serviced. This is an EXCELLENT VALUE ADD opportunity for the right buyer!! Close to Yellowhead Freeway, major arterial roads, and transit stops for commuting. Great for Tenants with a Walkscore of 73. Catch the wave of rising rents to higher net operating incomes and it's a great candidate for CMHC MLI Select insured financing. Recently Appraised at over $950,000. APOD/Proforma numbers are projected. Property is being sold AS-IS WHERE-IS. It is anticipated that Units 4 & 6 will be repaired and operating by July 15, 2024.