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Courtesy of Hyun Biagi of Initia Real Estate

11925 102 Street
Zone 08 Edmonton T5G 2G5

$960,000
Multi-Family Commercial

Main Photo: 11925 102 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4379568
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4379568
Build. Type:
Low Rise (2-4 stories)
Recently Renovated 8-Unit Apartment Building Available Now! This is your chance to own a piece of prime real estate with a stunning, income generating 100% OCCUPIED apartment building. Recently updated, this property boasts a fresh look and modern amenities throughout, ensuring long-term value and great cash flow. All units (except one) have been renovated with brand new flooring, cabinets, stylish quartz countertops, and newer bathrooms. Solid Building Infrastructure: Rest assured with a newer tar/gravel roof, newer hot water tanks and an upgraded weeping tile system for better drainage. Fresh Appeal Inside & Out: Enjoy a bright and inviting atmosphere thanks to a full interior and exterior repaint in a contemporary color scheme. New flooring throughout the hallways and staircases adds the finishing touch. Don't miss this excellent opportunity to invest in a worry-free property close to Kingsway, NAIT, DT & Transit.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), See Private Remarks
# Units:
8
Tot Pkg Spaces:
8
# Storeys:
2.0
Year built:
1970 (Age: 54)
Total Floor Area:
7,491 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Plan:
RN52
Title to Land:
Freehold
LINC Number:
0015399744
Num. of Parcels:
1
Cap Rate %:
4.0
Gross Operating Income:
$76,255
Other Income:
$360
Effective Gross Income:
$76,615
Net Operating Income:
$38,990
Total Oper. Expenses:
$37,625
Tot Expenses:
$37,625
Days On Website:
22 day(s)
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Data was last updated April 21, 2024 at 02:30 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.