10315 120 Av Nw Edmonton, Alberta T5G 0S4

5,829 ft2

$900,000

Over $180K in upgrades and renovations over the past 9 years. 6-Plex on a corner lot (45.7 x 15.2 SQM) with 100% occupancy throughout. Current market rates present an opportunity to increase profit/cap rate by over 30%. Current rents may qualify for CMHC MLI Select financing, though the seller does not accept long-term financing. All tenants are month-to-month. Prime location near NAIT, Royal Alex Hospital, Blatchford, Downtown, and the Future LRT. Major upgrades: New parking/sidewalk, sewer line, boiler, hot water tank, balconies, main doors, mail lockbox, security system, additional storage, and shed. New fridges and some other appliances. Windows re-sealed and framed. Five suites partially renovated, Unit 102 fully renovated. The heating and security systems can be controlled remotely. Current rents: Four 2-bedroom units at $1,100 Two 1-bedroom units at $900. Rents are over 30% below market. Laundry revenue can be increased by over 50%. (id:46923)

Property Details

MLS® Number E4420438
Property Type Multi-family
Neigbourhood Westwood (Edmonton)
Parking Space Total 9

Building

Constructed Date 1972
Size Interior 5,829 Ft2

Land

Acreage No
Size Irregular 7497
Size Total 7497 Sqft
Size Total Text 7497 Sqft

https://www.realtor.ca/real-estate/27883718/10315-120-av-nw-edmonton-westwood-edmonton

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Anahid Shahmoradi
Associate

(780) 444-8017
(587) 982-0943
facebook.com/anahidrealtor

Maxwell Challenge Realty
201-6650 177 St Nw
Edmonton, Alberta T5T 4J5

(780) 483-4848
(780) 444-8017

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