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Courtesy of David G Parker of Northfield Commercial

4608 118 Avenue
Zone 23 Edmonton T5W 1B1

$2,070,000
Multi-Family Commercial

Main Photo: 4608 118 Avenue in Edmonton: Zone 23 Multi-Family Commercial for sale : MLS®# E4269635
Photo 1: 4608 118 Avenue in Edmonton: Zone 23 Multi-Family Commercial for sale : MLS®# E4269635
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4269635
Build. Type:
Walk Up
Lou Manor is an eighteen suite apartment building located at 4608 - 118 Avenue in Edmonton, Alberta in the Beacon Heights Neighbourhood. It is a two and a half storey low-rise, wood-frame construction building with balconies. It was built in 1970. Parking is surface and paved. The suite mix is 1 bachelor suite, 11 one-bedroom suites, and 6 two-bedroom suites. Recent Renovations include: Complete suite renovation, new hot water tank, new front entrance with gable roof & custom railings, new "Lou Manor" sign & sign foundation, new intercom system, updated common areas and entrances, replaced exterior & hallway light fixtures with LED fixtures.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Walk Up
# Units:
18
Tot Pkg Spaces:
18
# Storeys:
2.5
Year built:
1970 (Age: 51)
Total Floor Area:
19,900 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Plan:
8119AH
Title to Land:
Fee Simple
LINC Number:
0015741812
Possession Date:
Dec 10, 2021
Num. of Parcels:
1
Cap Rate %:
4.04
Gross Operating Income:
$175,200
Other Income:
$0
Effective Gross Income:
$175,200
Net Operating Income:
$83,705
Total Oper. Expenses:
$91,815
Tot Expenses:
$0
Entry date:
Nov 13, 2021
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Data was last updated December 2, 2021 at 02:30 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.