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Courtesy of Aaron L Fehlauer of RE/MAX Excellence
9740 149 Street
Zone 22
Edmonton
T5P 1K2
$1,920,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4413959
- Build. Type:
- See Private Remarks
- Photos (37)
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This well-maintained multi-unit rental property offers a fantastic opportunity for investors or anyone looking to expand their real estate portfolio. Located in a highly desirable area, this estate sale consists of 15 rental units with a mix of bachelor, 1-bedroom, and 2-bedroom apartments. The building has been meticulously cared for and features numerous recent renovations, ensuring a stable and profitable investment for years to come. Long-Term Tenants: Enjoy a steady stream of rental income with many tenants who have been in place for several years, providing a consistent cash flow. Prime Location: Centrally located with easy access to public transit, shopping, schools, and all the amenities the area has to offer. Income Potential: A well-established building in a sought-after neighborhood, perfect for continued rental income or long-term appreciation. This is a fantastic opportunity to acquire a well-maintained, fully leased building in a prime location.
- Sale Type:
- Asset
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Wood Frame
- Building Type:
- See Private Remarks, Walk Up
- # Units:
- 15
- Tot Pkg Spaces:
- 16
- # Storeys:
- 3.0
- Year built:
- 1969 (Age: 55)
- Total Floor Area:
- 9,920 sq. ft.922 m2
- Lot Area:
- 0 sq. ft.0 m2
- Plan:
- 5229AD
- Title to Land:
- Freehold
- LINC Number:
- 0016926131
- Num. of Parcels:
- 1
- Cap Rate %:
- 4.55
- Gross Operating Income:
- $158,114
- Other Income:
- $3,600
- Effective Gross Income:
- $161,714
- Net Operating Income:
- $87,401
- Total Oper. Expenses:
- $74,313
- Tot Expenses:
- $74,313
- Days On Website:
- 5 day(s)5 day(s)
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Data was last updated November 23, 2024 at 08:30 AM (UTC)
- DON CHOLAK
- RE/MAX PROFESSIONALS
- 1 (780) 718-8400
- don@doncholak.com
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