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Courtesy of David G Parker of Northfield Commercial

10725 85 Avenue
Zone 15 Edmonton T6E 2K9

$3,915,000
Multi-Family Commercial

Main Photo: 10725 85 Avenue in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4320817
Photo 1: 10725 85 Avenue in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4320817
Photo 2: 10725 85 Avenue in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4320817
Photo 3: 10725 85 Avenue in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4320817
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Photo 18: 10725 85 Avenue in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4320817
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4320817
Build. Type:
Walk Up
This twenty-nine suite apartment building complex is located at 10725 & 10731 - 85 Avenue in Edmonton, Alberta in the Garneau neighbourhood. Both buildings are two and a half storey low-rise, wood-frame construction buildings without balconies. They were built in 1966. Parking is surface and paved. The total suite mix is 1 bachelor suite, 27 one-bedroom suites, and 1 two-bedroom suite. 10 suites in each building are two storey loft suites, with the kitchen and living room on the main floor and the bedroom and bathroom on the second floor. The two storey suites have a unique design and are quite popular with students.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Walk Up
# Units:
29
Tot Pkg Spaces:
29
# Storeys:
2.5
Year built:
1966 (Age: 56)
Total Floor Area:
26,136 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Plan:
RN4A
Title to Land:
Freehold
LINC Number:
0011381928
Num. of Parcels:
1
Cap Rate %:
4.35
Gross Operating Income:
$311,220
Other Income:
$0
Effective Gross Income:
$311,220
Net Operating Income:
$170,316
Total Oper. Expenses:
$140,904
Tot Expenses:
$0
Entry date:
Nov 22, 2022
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Data was last updated December 5, 2022 at 04:30 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.
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