16652 sqft
$2,850,000
Assumable Mortgage 2.35% | Creative financing will be considered | Exciting investment opportunity in downtown Edmonton! This commercial multi-family apartment is perfect for both entry-level and seasoned investors. With 16 one-bedroom units, 3 two-bedroom units, and 5 bachelor units, this property offers a diverse range of living options. Fully occupied with no vacancy, it guarantees immediate cash flow and boasts a high cap rate. Zoned as R8A, it offers flexibility for expansion and development. Built in 1963 on a 15,000+/- sq.ft. RA8-zoned lot, it provides ample parking. Close to Rogers Arena, Grant MacEwan, Royal Alex Hospital, Kingsway Mall, and downtown. Access to LRT. Upgrades include a 2010 SBS Membrane Roof, energy-efficient systems, and eco-conscious fittings. Low and varied rental rates allow for potential increase. All proposals are welcome. *Please do not approach tenants* (id:53675)
Property Details
MLS® Number
|
E4347122 |
Property Type
|
Multi-family |
Neigbourhood
|
Central Mcdougall |
Parking Space Total
|
22 |
Building
Constructed Date
|
1963 |
Size Interior
|
16652 Sqft |
Land
Acreage
|
No |
Size Irregular
|
15002 |
Size Total
|
15002 Sqft |
Size Total Text
|
15002 Sqft |
https://www.realtor.ca/real-estate/25757654/10729-108-st-nw-edmonton-central-mcdougall