$ 3,960,000
8269 29 AV NW Edmonton, AB T6K3J9
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$ 3,960,000
Est. payment | /mo
24,983 SqFt
$ 3,960,000
Est. payment | /mo
24,983 SqFt
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 24,983 sqft
Price per Sqft $158
Subdivision Tipaskan
MLS® Listing ID E4403094
Originating Board REALTORS® Association of Edmonton
Year Built 1977
Lot Size 1.130 Acres
Acres 49223.0
Property Description
What a great investment opportunity at $165,000 per door! You can own 24 out of 72 units in a townhome complex, each individually titled. There's a mixture of 17 two-story 1044 sq.ft units, and seven 1033 sq.ft bungalow townhomes in this portfolio... all of which are 3 bedrooms! Rents are currently an average of $1,100 and being increased as leases are up for renewal, but you can easily increase to $1,300 on average to reflect market rents (this is shown in the stabilized proforma figures). The current cap rate is 3.46% and again can easily be increased to 5.41% by just going to market rents. The exterior has been completely updated. Also great as a BRRR because the photos reflect the average unit which could use renovations if you want to renovate and refinance, or rent as is. Move in ready and currently professionally managed. Low condo fees, close to schools, parks, transit, and amenities makes us a solid investment for any portfolio. No VTBs or creative financing please. (id:24570)
Location
Province AB
Exterior
Garage No
Waterfront No
View Y/N No
Total Parking Spaces 24
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! "