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Courtesy of Jeneen Marchant of RE/MAX Real Estate.
Data was last updated 2024-05-20 at 03:53:04 GMT
What a price for 21 UNITS!!! This building has 19 two bedroom units and 2 three bedroom units which is great for long term tenants. Roof & boiler replaced in the early 2000s. Mortgage of 1.5M until June 2028 must be assumed. Priced at $109,900/door, a current CAP rate of 5.4%, and a stabilized CAP rate of 6.83%, this is an investor's dream! Plus the next door 69X123ft RA7 zoned lot on a 8516sq.ft 22 unit building pocket is also for sale at $399,900 (E4353770/ 12149-54st). Located close to schools, transit, amenities, and shopping, tenants will love living here.
Listing Information
- Prop. Type:
- Multi-Family (Commercial)
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4365946
- Neighbourhood:
- Newton
- Area:
- Edmonton
- Province:
- AB
- Listing Price:
- $2,307,900
General Information
- Year Built:
- 1969
- Zoning/Land Use Code:
- For Sale
- Region:
- Edmonton
Additional Information
- Plan:
- 2120203
- Legal Block:
- 68
- Legal Lot/Unit:
- 20A
Other Information
- Land Size Hectares:
- 0
- Building Type:
- Condo Complex
VIP-Only Information
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This property is listed by Jeneen Marchant of RE/MAX Real Estate and provided here courtesy of
John Carter.
For more information or to schedule a viewing please contact John Carter.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.