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Courtesy of Jaime Lopresti and Terry Paranych of RE/MAX Excellence

14101/14105 118 Avenue NW
Zone 07 Edmonton T5L 2M3

$1,174,000
Multi-Family Commercial

Main Photo: 14101/14105 118 Avenue NW in Edmonton: Zone 07 Multi-Family Commercial for sale : MLS®# E4379333
Photo 1: 14101/14105 118 Avenue NW in Edmonton: Zone 07 Multi-Family Commercial for sale : MLS®# E4379333
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4379333
Build. Type:
Low Rise (2-4 stories)
Welcome to Sunrise Apts. A very well maintained and managed building located in the NW neighborhood of Woodcroft with proximity to all public transportation, retail stores, shops, and schools. Two 4PLEXES in one Lot! Easy access to Yellowhead Trail and 118th ave providing quick vehicle access throughout the city. This building has great curb appeal and pride of ownership can be seen throughout the grounds. Very Large Lot with great visibility. Easy to manage with 100% occupancy providing steady cash flows. Unit mix is six large 2 bed X 1 Bath apartments and 2 large one bedroom X 1 Bath units. 10 outdoor parking stalls. This property is ideal for first time investors, or increase unit count to your existing multi-family portfolio. Nearby neighborhoods include trendy restaurants and cafe spots.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Bldgs:
2
# Units:
8
Tot Pkg Spaces:
10
# Storeys:
2.0
Year built:
1972 (Age: 52)
Total Floor Area:
1,375 sq. ft.
Lot Area:
0 sq. ft.
Plan:
5144KS
Title to Land:
Freehold
LINC Number:
0016978074
Num. of Parcels:
1
Cap Rate %:
4.83
Gross Operating Income:
$100,200
Other Income:
$2,400
Effective Gross Income:
$102,600
Net Operating Income:
$56,774
Total Oper. Expenses:
$45,826
Tot Expenses:
$45,826
Days On Website:
195 day(s)
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Data was last updated October 9, 2024 at 12:30 AM (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.