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Courtesy of Tim A Gartner of
MaxWell Progressive
8117 114 Avenue
Edmonton
T5B 0C1
$2,125,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4273872
- Build. Type:
- Low Rise (2-4 stories)
- Photos (37)
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Fantastic Investor Opportunity Package, cash flow turn key rentals ! 17 Condo Apartment Units in 2 Buildings, minutes apart. 9 units in Parkdale Manor(built in 2009), and 8 units in Parkdale Terrace(built in 2003@ 8021 115 avenue) The Buildings are well managed, well maintained, close to shopping LRT and Trails. The Apartment Units bring a strong monthly rent roll, for the investor, in a fantastic central location .The units have balconies and in-suite laundry, newer and contemporary finishes, with all appliances. These are residual units from the Developer being sold as one block. Bulk Purchase Cash Back of $255,000.00($15,000.00 per unit) is being offered b y the seller as a bulk purchase rebate , that bumps the Cap Rate from 6.2% to 7.1% . Amenities include, Bike Trails, Transit, shopping, These central locations, are 2 bedroom units or one bedroom with a den, and are great for Students and Professionals, as tenants. Ideal to add to an existing portfolio.
- Sale Type:
- Asset
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories)
- # Units:
- 17
- Tot Pkg Spaces:
- 1
- # Storeys:
- 4.0
- Year built:
- 2003 (Age: 19)
- Total Floor Area:
- 777 sq. ft.
- Lot Area:
- 0 sq. ft.
- Land Use/Zoning:
- RA7
- Plan:
- 740868
- Title to Land:
- Fee Simple
- LINC Number:
- 0032938855
- # Elevators:
- 1
- Units Include:
- Dishwasher, Fridge, Stove, Washer / Dryer, Window Coverings
- Num. of Parcels:
- 1
- Cap Rate %:
- 7.1
- Gross Operating Income:
- $248,700
- Other Income:
- $0
- Effective Gross Income:
- $236,265
- Net Operating Income:
- $132,384
- Total Oper. Expenses:
- $0
- Tot Expenses:
- $103,881
- Entry date:
- Jan 14, 2022
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Data was last updated January 22, 2022 at 04:30 AM (UTC)
- GREG STEELE
- RE/MAX EXCELLENCE (EDMONTON)
- (780) 444-GREG (4734)
- greg@gregsteele.ca
#201, 5607 - 199 Street
Edmonton, Alberta T6M 0M8