Listing Details

Multi-Family Commercial for Sale

Courtesy of Val Toffoli of MaxWell Polaris

Property For Sale In Mccauley, Edmonton

 Multi-Family Commercial for Sale, MLS® # E4112122
  • MLS®#: E4112122
  • Price: $659,900
  • Status: Active
  • Year Built: 1912
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Login or Create an Account to Access Financial Information Legal Description Lot Zoning

Opportunity knocks with this Charming 1912 Upgraded 11 Unit property. The units have extensively renovated. $96,000 spent in recent renos including bsmt, new drywall, flooring, paint, bathrooms, kitchens, toilets, etc. It is well located with numerous 'skinny homes' in close proximity. Just a short walk to the Italian Centre & 5 minutes to Downtown. 4,037.263 sq ft lot with additional development potential. Rental income has been fairly consistent (2013 - $53,462.12, 2013- $53,000, 2015 - $52,870, 2017 - $59,040). Average Rental Income $54,493.03 over the last few years. Vendor pays gas/electricity/water/garbage. Most of the tenants are stable & employed. Note: Mgmt of 6% ($3382) is added to expenses although Out of Area Owner Self Manages with an excellent Caretaker ($3,000/yr also in expenses) who keeps a very close eye on the property & would consider remaining. A must to see! Do Not Go Direct or Disturb Tenants! Please allow 1 1/2 -2 days' notice to view. Proforma available upon request.

Contact Rick Goebel About MLS® E4112122

Required Field

Rick Goebel, 780-995-7468 at RE/MAX Real Estate, 102-12650 151 AV, Edmonton, Alberta, T5X 0A1

property information

  • Property Type: Multi-Family Commercial
  • MLS®#: E4112122
  • Year Built: 1912
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Community Information

  • Neighbourhood: Mccauley
  • City: Edmonton
  • Postal Code: T5H 1B9
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$659,900

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