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RE/MAX Excellence

Mike Chadha
Your Real Estate Consultant for Life
Direct: 780-907-2737
www.edmontonforsale.ca

RE/MAX Excellence
Pic_of_house
Status:
For Sale
Property Price:
$3,499,999
Property Type:
Multi-Family
Age:
1916
Exterior:
,
Park spaces:
14
House Size:
7920

level

Remarks:

BUY WITH CONFIDENCE - operating at a 5.6 cap rate and almost a million dollars of renovations and upgrades completed in the last 3 years! 1916 building but with all the upgraes effective age is estimated to be only 20 years old. A strong mix of recently renovated units 10x 1 bedroom (rents from $900 - $1113 / month)and 13 x bachelor suites (Rents from $924 - $1040/ month). 14 parking stalls (some energized) on a newly gravelled lot. An extensive list of capital improvements is available. Registered with the crime-free multi-housing program. Has had asbestos remediated, newer boiler and 2 of 4 hot water tanks new. There is nothing left to do with this property other than managing the units. If you are looking for turn-key you have found it - most units have a gas stove. All units come with a stove, fridge and most have a microwave, Coin-o-Matic laundry on site. This is truly an investor's dream building! (id:5706)

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Mike  Chadha, Your Real Estate Consultant for Life

RE/MAX Excellence

Mike Chadha
Your Real Estate Consultant for Life
Direct: 780-907-2737
www.edmontonforsale.ca

RE/MAX Excellence
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