4284 sqft
$649,900
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 5.05%, and rents can be increased from a total of $5950/month to market rate to get up to 7.49%! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 2+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry. I have more pictures of the units when they were vacant but the resolution is too low for this format. (id:53675)
Property Details
MLS® Number
|
E4384668 |
Property Type
|
Multi-family |
Neigbourhood
|
Eastwood |
Parking Space Total
|
5 |
Building
Constructed Date
|
1991 |
Size Interior
|
4284 Sqft |
Land
Acreage
|
No |
Size Irregular
|
7477 |
Size Total
|
7477 Sqft |
Size Total Text
|
7477 Sqft |
https://www.realtor.ca/real-estate/26820089/11938-80-st-nw-edmonton-eastwood