Courtesy Of Anahid Shahmoradi Of MaxWell Challenge Realty
About 10315 120 Av Nw
$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.
Features of 10315 120 Av Nw
MLS® # | E4408363 |
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Price | $900,000 |
Square Footage | 5,829 |
Acres | 0.00 |
Year Built | 1972 |
Type | Multi-Family Commercial |
Community Information
Address | 10315 120 Av Nw |
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Area | Edmonton |
Subdivision | Westwood_EDMO |
City | Edmonton |
Province | AB |
Postal Code | T5G 0S4 |
Amenities
Parking Spaces | 9 |
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Is Waterfront | No |
Has Pool | No |
Interior
Fireplace | No |
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# of Stories | 2 |
Has Basement | No |
Exterior
Construction | Wood Frame |
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Additional Information
Date Listed | September 28th, 2024 |
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RE / Bank Owned | No |
Listing Details
Office | Courtesy Of Anahid Shahmoradi Of MaxWell Challenge Realty |
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