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Courtesy of Chuck Mulholland of Century 21 All Stars Realty Ltd

10621 123 Street
Zone 07 Edmonton T5N 1P3

$4,500,000
Multi-Family Commercial

Main Photo: 10621 123 Street in Edmonton: Zone 07 Multi-Family Commercial for sale : MLS®# E4265790
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4265790
Build. Type:
Low Rise (2-4 stories)
Perfectly located in one of Edmonton's most desirable neighborhoods walking distance to amazing restaurants, cafes, Brewery District and 124 st shopping. FUTURE LRT only 2 blocks away. On a beautiful tree lined street in the heart of WESTMOUNT you will find Sheridan Manor. METICULOUSLY MAINTAINED by the same hands on owner for over 25 years. A quiet 33 Suite 2.5 story walkup with numerous UPGRADES including: windows, entry system, asphalt with electrical conduit to 33 energized stalls, balconies, soffit and fascia, insulation, hallways carpet, stairways ceramic tile, baseboards casings, doors and more! Laundry on each floor. All units have been substantially upgraded. Complex has 33 SEPERATE TITLES and registered as a CONDO for future conversion opportunities. Private office, maintenance rooms and even a SAUNA! Incredible short and long-term upside potential.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Units:
33
Tot Pkg Spaces:
33
# Storeys:
2.5
Year built:
1968 (Age: 53)
Total Floor Area:
24,630 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA8
Plan:
0820256
Title to Land:
Fee Simple
LINC Number:
0032974545
Num. of Parcels:
1
Cap Rate %:
4.8
Gross Operating Income:
$356,652
Other Income:
$3,000
Effective Gross Income:
$359,652
Net Operating Income:
$216,809
Total Oper. Expenses:
$142,843
Tot Expenses:
$142,843
Entry date:
Oct 08, 2021
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Data was last updated October 24, 2021 at 04:30 AM (UTC)
GREG STEELE
Copyright 2021 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.