10732 96 ST NW, Edmonton, Alberta, T5H 2J6

$1,049,900

MLS® # E4394167

Investment For Sale In McCauley, Edmonton, Alberta

$1,049,900

Property Information:

BEST MAINTAINED ROOMING HOUSE IN ALL OF EDMONTON AVERAGING OVER $85,000.00 A YEAR NET PROFIT! THE TAJ MAHAL OF ROOMING HOMES! CREATIVE FINANINCING AVAILBLE FOR THIS EXTREMLY WELL MAINTAINED 21 SUITE ROOMING HOME! Located in Downtown Edmonton this property has GENERATES FANTASTIC REVENUES and BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Annual revenues for 2023 were $134,280.00 and net profits were $89,832.20 which would run over an 7% CAP RATE. This is definitely a JEWEL OF A PROPERTY AND IS A MUST SEE! OWNER WILL CONSIDER TRADES. (id:27)

Property Features:

  • Property Type: Multi-family
  • Amenities Nearby: Shopping, Public Transit, Schools
  • Built in: 1926
  • Community Features: Public Swimming Pool
  • Features: See remarks, Park/reserve
  • Lot Size: 3305.00 Square Feet
  • View Type: City view
  • No. of Parking Spaces: 3

Courtesy of: MaxWell Devonshire Realty

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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