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  • 9407 114 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4278277

    9407 114 Avenue Zone 05 Edmonton T5G 0K5
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    $3,499,999
    Multi-Family Commercial
    Courtesy of Craig D Hummel of RE/MAX Excellence
    Status:
    Active
    MLS® Num:
    E4278277
    Build. Type:
    Low Rise (2-4 stories)
    Floor Area:
    7,920 sq. ft.
    BUY WITH CONFIDENCE - operating at a 5.6 cap rate and almost a million dollars of renovations and upgrades completed in the last 3 years! 1916 building but with all the upgraes effective age is estimated to be only 20 years old. A strong mix of recently renovated units 10x 1 bedroom (rents from $900 - $1113 / month)and 13 x bachelor suites (Rents from $924 - $1040/ month). 14 parking stalls (some energized) on a newly gravelled lot. An extensive list of capital improvements is available. Registered with the crime-free multi-housing program. Has had asbestos remediated, newer boiler and 2 of 4 hot water tanks new. There is nothing left to do with this property other than managing the units. If you are looking for turn-key you have found it - most units have a gas stove. All units come with a stove, fridge and most have a microwave, Coin-o-Matic laundry on site. This is truly an investor's dream building! More details
    GREG STEELE
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Data was last updated May 25, 2022 at 02:30 PM (UTC)
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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