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Courtesy of Jeneen Marchant of RE/MAX Real Estate.
Data was last updated 2024-09-20 at 20:16:42 GMT
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.
Listing Information
- Prop. Type:
- Multi-Family (Commercial)
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4384668
- Neighbourhood:
- Eastwood
- Area:
- Edmonton
- Province:
- AB
- Listing Price:
- $625,000
General Information
- Year Built:
- 1991
- Zoning/Land Use Code:
- For Sale
- Region:
- Edmonton
Additional Information
- Plan:
- RN63
- Legal Block:
- 2
- Legal Lot/Unit:
- 72
Other Information
- Land Size Hectares:
- 0
- Building Type:
- Multi Tenant/Multi Plex
VIP-Only Information
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This property is listed by Jeneen Marchant of RE/MAX Real Estate and provided here courtesy of
John Carter.
For more information or to schedule a viewing please contact John Carter.
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.