RE/MAX REAL ESTATE
11938 80 ST NW Active Save Request In-Person Tour Request Virtual Tour
Edmonton,AB T5B 2N7
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID E4384668
Year Built 1991
Property Description
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920’s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry.
Location
Province AB
Zoning Zone 05
Interior
Flooring Laminate,Vinyl Plank
Others
Tax ID 0011942273