$900,000 FOR SALE

Multiplex

10315 120 Av Nw
Edmonton, AB T5G 0S4 | Westwood (Edmonton)

$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:47423)

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Listed By MaxWell Challenge Realty
Data Provided By REALTORS® Association of Edmonton
MLS® Listing Number E4408363
Last Updated Oct 11, 2024
Property Summary
Property Type Multiplex

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Neighbourhood Westwood (Edmonton)
Price History
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Detailed Information
Listing Contract Date 2024-09-28
Municipal ID 6202501
# of Parking Spaces 9
Property Type Multi-family
Transaction Type For sale
Building
Constructed Date 1972
Land
Total Size 7497 square feet
Size of Irregular Land 7497

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