Courtesy of James J Knull of
Exp Realty
10715 102 Street
Edmonton
T5H 2T7
$999,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4324550
- Build. Type:
- Low Rise (2-4 stories)
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Great value in Central McDougal, just 5 minutes north of downtown and quick walk to LRT. The building features new security doors, a camera system and fob system for added security and convenience. Minor renovations have been completed as suites have become available. The building does require additional renovations to increase overall rentability. The opportunity to add value and build equity makes this building an appealing target. Current mortgage is assumable with sub 4% interest rates in the right circumstances
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Concrete Block
- Building Type:
- Low Rise (2-4 stories)
- # Units:
- 11
- Tot Pkg Spaces:
- 10
- # Storeys:
- 3.0
- Year built:
- 1973 (Age: 50)
- Total Floor Area:
- 7,050 sq. ft.
- Lot Area:
- 0 sq. ft.
- Land Use/Zoning:
- RA7
- Plan:
- 0122128
- Title to Land:
- Freehold
- LINC Number:
- 0031952211
- Num. of Parcels:
- 1
- Cap Rate %:
- 4.8
- Gross Operating Income:
- $108,140
- Other Income:
- $2,000
- Effective Gross Income:
- $102,733
- Net Operating Income:
- $47,968
- Total Oper. Expenses:
- $54,765
- Tot Expenses:
- $0
- Entry date:
- Jan 18, 2023
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Data was last updated January 29, 2023 at 02:30 PM (UTC)
- GREG STEELE
- RE/MAX EXCELLENCE (EDMONTON)
- (780) 444-GREG (4734)
- greg@gregsteele.ca
#201, 5607 - 199 Street
Edmonton, Alberta T6M 0M8