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Remedy Commercial Realty Group Inc.
780-707-8152
remedycommercialrealtygroup@gmail.com
Address:
Unit 202 - 18311 105 Ave NW, Edmonton AB, T5S 2K9
Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty
10732 96 Street
Edmonton
T5H 2J6
$999,900
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4414368
- Build. Type:
- Low Rise (2-4 stories)
- Photos (58)
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OWN THE LAND, SUBSTANTAILLY RENOVATED BUILDING AND A PHENOMINAL REVENUE PRODUCING COMPLEX ALL IN ONE! BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON CURENTLY GENERATING NET PROFIT OF $101,383.78 A YEAR! THIS IS THE TAJ MAHAL OF ROOMING HOMES! Located in Downtown Edmonton this property BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING IN THE BASEMENT. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Current gross revenue is $141,720.00 and net profits which are$ 101,383.78 an AMAZING CAP RATE OF JUST OVER 10%! NOW BOASTING NEW SHAW INTERNET, RENT ROLL TO INCREASE ON MARCH 01, 2025
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Bus Op Since:
- 1995
- Construction:
- Wood Frame
- Building Type:
- Low Rise (2-4 stories)
- # Units:
- 21
- Tot Pkg Spaces:
- 3
- # Storeys:
- 2.0
- Year built:
- 1926 (Age: 98)
- Total Floor Area:
- 5,400 sq. ft.
- Lot Area:
- 0 sq. ft.
- Heating Source:
- Natural Gas
- Plan:
- ND
- Title to Land:
- Freehold
- LINC Number:
- 0014520077
- Corner Site, Park/Reserve, Shopping Nearby, Public Transportation, Fenced Yard, Schools, See Remarks
- Appliances Included, Fiber Optic Network, Intercom, Insulation-Upgraded, Laundry-Coin-Op
- Num. of Parcels:
- 1
- Cap Rate %:
- 10.13
- Gross Operating Income:
- $141,720
- Other Income:
- $0
- Effective Gross Income:
- $0
- Net Operating Income:
- $101,383
- Total Oper. Expenses:
- $0
- Tot Expenses:
- $0
- Days On Website:
- 3 day(s)
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Data was last updated November 25, 2024 at 04:30 AM (UTC)
- JEAN PAUL NOUJAIM
- 1 (780) 7078152
- Contact by Email
Office Address:
Unit 202 18311 105 Avenue
Edmonton AB, T5S 2K9