Multi-Family Residential Building for Sale
Property For Sale In Tipaskan, Edmonton
- MLS®#: E4403094
- Price: $3,960,000
- Year Built: 1977
What a great investment opportunity at $165,000 per door! You can own 24 out of 72 units in a townhome complex, each individually titled. There's a mixture of 17 two-story 1044 sq.ft units, and seven 1033 sq.ft bungalow townhomes in this portfolio... all of which are 3 bedrooms! Rents are currently an average of $1,100 and being increased as leases are up for renewal, but you can easily increase to $1,300 on average to reflect market rents (this is shown in the stabilized proforma figures). The current cap rate is 3.46% and again can easily be increased to 5.41% by just going to market rents. The exterior has been completely updated. Also great as a BRRR because the photos reflect the average unit which could use renovations if you want to renovate and refinance, or rent as is. Move in ready and currently professionally managed. Low condo fees, close to schools, parks, transit, and amenities makes us a solid investment for any portfolio. No VTBs or creative financing please.
Contact Larry Ipsum About MLS® E4403094
Larry Ipsum, 780-425-6270 at Redman Tech Commercial Realty, 10172 108 Street, Edmonton, Alberta, T5J 1L3
property information
- Property Type: Multi-Family Residential Building
- MLS®#: E4403094
- Year Built: 1977
Community Information
- Neighbourhood: Tipaskan
- City: Edmonton
- Postal Code: T6K 3J9
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