11938 80 St Nw Edmonton, Alberta T5B 2N7
$625,000
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry. (id:46923)
Property Details
| MLS® Number | E4384668 |
| Property Type | Multi-family |
| Neigbourhood | Eastwood |
| ParkingSpaceTotal | 5 |
Building
| ConstructedDate | 1991 |
| SizeInterior | 4284 Sqft |
Land
| Acreage | No |
| SizeIrregular | 7477 |
| SizeTotal | 7477 Sqft |
| SizeTotalText | 7477 Sqft |
https://www.realtor.ca/real-estate/26820089/11938-80-st-nw-edmonton-eastwood
Interested?
Contact us for more information
Jeneen L. Marchant
Associate
200-10835 124 St Nw
Edmonton, Alberta T5M 0H4
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September 05 2024 10:46:23
REALTORS® Association of Edmonton
RE/MAX Real Estate