Courtesy Of Anahid Shahmoradi Of MaxWell Challenge Realty

10315 120 Av Nw, Edmonton, AB

$900,000

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5,829

Square feet

About 10315 120 Av Nw

$155k of upgrades and reno’s in the last 7 years. 6 plex Corner Lot 45.7 x 15.2 SQM 100% occupancy for the last 8 years. Current market rates present potential to increase profit / cap rate by up to 25%.Current rent rates may be attractive for CMHC MLI Select financing. All tenants are month to month. Close to NAIT, Royal Alex Hospital, Blatchford and the Future LRT. Major upgrades include parking/sidewalk (3 years), boiler (3 years), hot water tank (4 years), exterior paint (4 years), balconies (4 years), main doors (5 years), roof repairs (2 years), a new mail lockbox, security system, and additional storage space. Five of the six suites have been renovated, and the heating and security systems can be controlled remotely by the new owner. Current rents are $1,100 for two-bedroom units and $900 for one-bedrooms(never raised for years) plus Laundry revenue which can be raised as well.

Features of 10315 120 Av Nw

MLS® # E4408363
Price $900,000
Square Footage 5,829
Acres 0.00
Year Built 1972
Type Multi-Family Commercial

Community Information

Address 10315 120 Av Nw
Area Edmonton
Subdivision Westwood_EDMO
City Edmonton
Province AB
Postal Code T5G 4S4

Amenities

Parking Spaces 9
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2
Has Basement No

Exterior

Construction Wood Frame

Additional Information

Date Listed September 28th, 2024
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Anahid Shahmoradi Of MaxWell Challenge Realty

Listing Map