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$ 1,494,900
Est. payment | /mo
3,294 Sqft Lot
$ 1,494,900
Est. payment | /mo
3,294 Sqft Lot
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 43870856
Year Built 1940
Lot Size 3,294 Sqft
Acres 3294.9656
Source REALTORS® Association of Edmonton – Commercial
Property Description
PORTFOLIO SALE!!! This property consists of 27/80 total doors being sold either individually or as package deals. WELCOME TO THIS WELL-MANAGED, HIGH-DEMAND MULTI-FAMILY BUILDING IN EDMONTON'S DOWNTOWN EAST AREA. This property offers 27 UNITS, EACH WITH THEIR OWN KITCHEN OR KITCHENETTE, making it an ATTRACTIVE OPTION FOR TENANTS SEEKING CLEAN, QUIET, AND AFFORDABLE HOUSING.There are 11 BATHROOMS throughout the building: 2 UNITS HAVE THEIR OWN FULL BATH, 7 UNITS HAVE PRIVATE 2-PIECE BATHS, and the REMAINING UNITS SHARE WELL-MAINTAINED FACILITIES. The building also includes ON-SITE LAUNDRY, adding convenience for tenants and supporting consistent occupancy.IMPORTANT BUILDING UPGRADES include a 2004 BOILER and 2020 ROOF, contributing to REDUCED FUTURE CAPITAL REQUIREMENTS. An INTERNAL WEEPING TILE SYSTEM has been installed to PROTECT THE FOUNDATION and EXTEND THE LONG-TERM DURABILITY of the building, A SIGNIFICANT VALUE ADD for INVESTORS SEEKING A STABLE, LOW-MAINTENANCE ASSET.TURNOVER IS EXTREMELY LOW, with MANY LONG-TERM TENANTS. A STRONG, TURN-KEY INVESTMENT WITH STABLE CASH FLOW, LOW MAINTENANCE NEEDS, AND LONG-TERM PERFORMANCE IN A CENTRAL LOCATION. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 4
Private Pool No
Listed by Exp Realty
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