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Lea Alexander
- Sterling Real Estate
PO Box 355, Fallis, Alberta
PO Box 355, Fallis, Alberta
Listing Details
For more information on this listing or other please contact me.
Courtesy of Jeneen Marchant of RE/MAX Real Estate.
Data was last updated 2024-05-17 at 01:05:42 GMT
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 5.05%, and rents can be increased from a total of $5950/month to market rate to get up to 7.49%! 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 2+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry. I have more pictures of the units when they were vacant but the resolution is too low for this format.
Listing Information
- Prop. Type:
- Multi-Family (Commercial)
- Status:
- Active
- City:
- Edmonton
- MLS® Number:
- E4384668
- Neighbourhood:
- Eastwood
- Area:
- Edmonton
- Province:
- AB
- Listing Price:
- $649,900
General Information
- Year Built:
- 1991
- Zoning/Land Use Code:
- For Sale
- Region:
- Edmonton
Additional Information
- Plan:
- RN63
- Legal Block:
- 2
- Legal Lot/Unit:
- 72
Other Information
- Land Size Hectares:
- 0
- Building Type:
- Multi Tenant/Multi Plex
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This property is listed by Jeneen Marchant of RE/MAX Real Estate and provided here courtesy of
Lea Alexander .
For more information or to schedule a viewing please contact Lea Alexander .
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
