This is a 2.5 story wood frame construction complex. Exterior upgraded with vinyl siding balcony surfaces and newer balconies. Torch on membrane roof replaced in 2007. Hot water heating system. Tenants pay for own power. All units have been upgraded on turnover. Mix 1 bachelor/6 x 1 bedroom/2 x 1 bedroom plus den. Upper units have a balcony, 2 units have 2 balconies. No vacancy. Easy to manage. Gross income over $105,000 per annum. Rents can be increased by June. Current cap rate 4.92%.
Address
11837 106 ST SW
List Price
$1,242,000
Property Type
Commercial Sale
Area
Edmonton
Sub-Area
Westwood (Edmonton)
Year Built
1978
MLS® Number
E4419349
Listing Brokerage
Sutton Central Commercial Real Estate
Postal Code
T5G 2R2
Zoning
Zone 08
Construction Materials
Wood Frame, See Remarks