$ 599,900
11938 80 ST NW Edmonton, AB T5B2N7
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$ 599,900
Est. payment | /mo
4,284 SqFt
$ 599,900
Est. payment | /mo
4,284 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,284 sqft
Price per Sqft $140
Subdivision Eastwood
MLS® Listing ID E4384668
Originating Board REALTORS® Association of Edmonton
Year Built 1991
Lot Size 7,477 Sqft
Acres 7477.0
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 1920s, 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. (id:24570)
Location
Province AB
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 5
Private Pool No
Listed by RE/MAX Real Estate
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "