Multi-Family Residential Building for Sale
Property For Sale In Westwood (edmonton), Edmonton
- MLS®#: E4408363
- Price: $900,000
- Year Built: 1972
$155k of upgrades and reno's 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.
Contact Larry Ipsum About MLS® E4408363
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®#: E4408363
- Year Built: 1972
Community Information
- Neighbourhood: Westwood (Edmonton)
- City: Edmonton
- Postal Code: T5G 0S4
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