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Courtesy of Ryan R Sellers of RE/MAX Real Estate

10715 84 Avenue
Zone 15 Edmonton T6E 2H8

$2,100,000
Multi-Family Commercial

Main Photo: 10715 84 Avenue in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4299411
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4299411
Build. Type:
Low Rise (2-4 stories)
This 12 Unit apartment building is the one you’ve been looking for and patiently waiting until the right one came up for sale. Very well maintained, rarely a vacancy, huge suites with balconies and a location that is good as it gets! Built in 1980 this building has been updated and upgraded in all the right places, tile flooring throughout, good boiler and 8 channel video recording system. 2 blocks off Whyte Ave, short walk to U of A, easy access to transit, bike paths leading to parks and amenities all around, close to downtown, every type of restaurant, bar, club and shopping within only a few minutes walk! 2 - 3 Bedrooms, 1 - 2 Bedroom, 9 - 1 Bedrooms. All of the suites are quite large which is very appealing for your tenants and some of the 1-Bedroom suites could potentially be converted into 2 Bedrooms. 16 parking stalls, 2 sheds, parking lot is in good condition. Truly a gem of a building located on a stunning tree lined street, don’t miss your opportunity!
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Bldgs:
1
# Units:
12
Tot Pkg Spaces:
16
# Storeys:
3.0
Year built:
1980 (Age: 42)
Total Floor Area:
11,964 sq. ft.
Lot Area:
12,916.69 sq. ft.
Land Use/Zoning:
RA 7
Lot Depth:
131'
Lot Frontage:
99'
Heating Source:
Natural Gas
Plan:
RN6
Title to Land:
Fee Simple
LINC Number:
0015391444
Playground Nearby, Paved Lot, Shopping Nearby, Ski Hill Nearby, Public Transportation, Back Lane, Public Swimming Pool, Schools, See Remarks
Appliances Included, Balconies, See Remarks, Parking-Extra, Parking-Plug-Ins
# Elevators:
0
Units Include:
Fridge, Hoodfan, Stove
Services Connected:
See Remarks
Water Supply:
Municipal
HVAC:
Common Water Heater, Hot Water
Num. of Parcels:
1
Cap Rate %:
4.26
Gross Operating Income:
$137,340
Other Income:
$2,400
Effective Gross Income:
$139,740
Net Operating Income:
$89,421
Total Oper. Expenses:
$50,319
Tot Expenses:
$0
Entry date:
Jun 14, 2022
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Data was last updated July 5, 2022 at 02:30 PM (UTC)
GREG STEELE
Copyright 2022 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.