My Office Listings

12221 117 Avenue in Edmonton: Zone 07 Multi-Family Commercial for sale : MLS®# E4098806

Courtesy of Jeffrey Scott of RE/MAX River City

12221 117 Avenue Edmonton T5M 0G7 : Zone 07

12215 - 21 117 Avenue NW, Inglewood, Edmonton, AB
$1,445,000
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4098806
Status:
Active
Build. Type:
Four-Plex
Fantastic Investment Opportunity in the Heart of Inglewood. Less than 1 Year Old 4-plex multi-family build fully tenanted with good Leases in place but with future opportunities to increase returns. 4 separated utilities and meters, each unit features 4 bedrooms, 3.5 bathrooms total including each fully finished basement. Excellent level of upgrade & spec, each unit also has one enclosed parking ( garage ) stall with parking behind each stall as well. Nice floor plans, full stainless steel appliance packages for each, granite countertops & good backsplash in every chef's kitchen, this is an excellent investment opportunity when comparing to other available multi-family choices. Proximity to future Blatchford lands, 124 Street, Westmount, Downtown, Parks, Community Leagues, good Public Transport & more yields excellent present & future cash flow opportunities. Increasing rents to market rent this summer only increases ones Cap Rate. Currently one Title therefore future owner has chance to condominiumize.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Four-Plex
# Units:
4
Tot Pkg Spaces:
4
# Storeys:
2.0
Year built:
2017 (Age: 1)
Total Floor Area:
Switch units of measure4,156 sq. ft.
Lot Area:
Switch units of measure7,045 sq. ft.
Land Use/Zoning:
RF3
Plan:
RN46
Title to Land:
Fee Simple
LINC Number:
0015514699
None Known
Units Include:
Dishwasher, Fridge, Garage Door Opener, Hoodfan, Microwave, Stove, Washer / Dryer, Window Coverings
Num. of Parcels:
1
Cap Rate %:
5.29
Gross Operating Income:
$90,000
Other Income:
$0
Effective Gross Income:
$90,000
Net Operating Income:
$77,972
Total Oper. Expenses:
$12,028
Tot Expenses:
$12,028
Entry date:
Mar 03, 2018
Listing information last updated on April 25, 2018 at 02:30 PM (UTC)
WAYNE PARADIS
Wayne Paradis -RE/MAX Realtor
Office:(780) 439-7000
Fax:(780) 439-7248
Toll Free:(800) 265-9518
Cell:780-953-9934
RE/MAX river city
100, 10328 - 81 Avenue NW
Edmonton, Alberta
T6E 1X2 Canada
Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.