$900,000
10315 120 AV NW Edmonton, AB T5G0S4
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Nick Penney
info@nickpenney.com
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Nick Penney
info@nickpenney.com$900,000
Est. payment /mo
5,829 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,829 sqft
Price per Sqft $154
Subdivision Westwood (Edmonton)
MLS® Listing ID E4408363
Originating Board REALTORS® Association of Edmonton
Year Built 1972
Lot Size 7,497 Sqft
Acres 7497.0
Property Description
$155k of upgrades and renos in the last 7 years. 6 plex Corner Lot 45.7 x 15.2 SQM 100% occupancy for the last 8 years. Current market rates present potential to increase profit / cap rate by up to 25%.Current rent rates may be attractive for CMHC MLI Select financing. All tenants are month to month. Close to NAIT, Royal Alex Hospital, Blatchford and the Future LRT. Major upgrades include parking/sidewalk (3 years), boiler (3 years), hot water tank (4 years), exterior paint (4 years), balconies (4 years), main doors (5 years), roof repairs (2 years), a new mail lockbox, security system, and additional storage space. Five of the six suites have been renovated, and the heating and security systems can be controlled remotely by the new owner. Current rents are $1,100 for two-bedroom units and $900 for one-bedrooms(never raised for years) plus Laundry revenue which can be raised as well. (id:24570)
Location
Province AB
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 9
Private Pool No
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Listed by MaxWell Challenge Realty
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Nick Penney