Courtesy of Aaron L Fehlauer of RE/MAX Excellence

9740 149 Street
Zone 22 Edmonton T5P 1K2

$1,920,000
Multi-Family Commercial

Main Photo: 9740 149 Street in Edmonton: Zone 22 Multi-Family Commercial for sale : MLS®# E4413959
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4413959
Build. Type:
See Private Remarks
This well-maintained multi-unit rental property offers a fantastic opportunity for investors or anyone looking to expand their real estate portfolio. Located in a highly desirable area, this estate sale consists of 15 rental units with a mix of bachelor, 1-bedroom, and 2-bedroom apartments. The building has been meticulously cared for and features numerous recent renovations, ensuring a stable and profitable investment for years to come. Long-Term Tenants: Enjoy a steady stream of rental income with many tenants who have been in place for several years, providing a consistent cash flow. Prime Location: Centrally located with easy access to public transit, shopping, schools, and all the amenities the area has to offer. Income Potential: A well-established building in a sought-after neighborhood, perfect for continued rental income or long-term appreciation. This is a fantastic opportunity to acquire a well-maintained, fully leased building in a prime location.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
See Private Remarks, Walk Up
# Units:
15
Tot Pkg Spaces:
16
# Storeys:
3.0
Year built:
1969 (Age: 55)
Total Floor Area:
9,920 sq. ft.
Lot Area:
0 sq. ft.
Plan:
5229AD
Title to Land:
Freehold
LINC Number:
0016926131
Num. of Parcels:
1
Cap Rate %:
4.55
Gross Operating Income:
$158,114
Other Income:
$3,600
Effective Gross Income:
$161,714
Net Operating Income:
$87,401
Total Oper. Expenses:
$74,313
Tot Expenses:
$74,313
Days On Website:
3 day(s)
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Data was last updated November 21, 2024 at 08:30 AM (UTC)
SANDY PON
Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.