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Home AB Greater Edmonton Edmonton Westwood
10315 120 AV NW
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10315 120 AV NW $900,000
$900,000
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10315 120 AV NW
Edmonton, Alberta T5G0S4

MLS® Number: E4408363

Listing Description

$155k of upgrades and renos 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. (31888209)

Property Summary

Property Type
Multi-family
Neighbourhood Name
Westwood (Edmonton)
Land Size
7497 sqft
Built in
1972
Total Parking Spaces
9
Time on REALTOR.ca
37 days

Legal Description

Plan :- RN52 Block :- 3 Lot :- 20

Building

Parking
Total Parking Spaces
9

Measurements

Square Footage
5829 sqft
Data provided by: REALTORS® Association of Edmonton 101 - 18354 118 Avenue NW Avenue, EDMONTON, Alberta T5S 2G2

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