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Courtesy of Sheldon M Kennedy of Local Real Estate

7615 105 Street
Zone 15 Edmonton T6E 4G9

$2,175,000
Multi-Family Commercial

Main Photo: 7615 105 Street in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4213279
Photo 1: 7615 105 Street in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4213279
Photo 2: 7615 105 Street in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4213279
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4213279
Build. Type:
Low Rise (2-4 stories)
Located on Prime Queen Alexandria Real Estate, this 15 Suite building is part of a portfolio of 3 buildings presented for the first time by the original owner.This building is comprised of 8 -2 BDRM AND 7 1- bedroom suites. All brand new CAP improvements: windows, roof, hatch, boiler hot H2o tank, fence, patio doors, paint in and out, common area flooring and several remodeled units. The second building a 15 suiter at 9936 - 87 Ave has also been extensively remodelled with all new, roof, windows, boiler, common hallway carpet, paint inside and out, fence,balconies and landscaping and 3/4 suites remodelled. The third building, a 20 suiter at 10717-81ave has new windows 2-3bdrms|2-2bdrms|16 1bdrm | 13 balconies. This is an incredible opportunity to own up to 50 suites of prime University district real estate that has received over $400,000 of investment in 2 buildings in the last 3 months. Buy 1 building or buy all 3! Each building was hand picked by the current original owner.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Bus Op Since:
1968
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Bldgs:
1
# Units:
15
Tot Pkg Spaces:
15
# Storeys:
3.0
Year built:
1968 (Age: 52)
Total Floor Area:
12,165 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Heating Source:
Natural Gas
Plan:
I16
Title to Land:
Fee Simple
LINC Number:
0013939541
Corner Site, Level Land, Landscaped, Paved Lot, Shopping Nearby, Public Transportation, Paved Lane, Schools, Partially Fenced
Alarm System, Appliances Included, Balconies, Outside Storage, Detectors Smoke, Laundry-Common, No Smoking Home, Parking-Plug-Ins, Vinyl Windows
# Grade Doors:
2
Units Include:
Fridge, Hoodfan, Stove
Services Connected:
Electricity, Garbage Collection, Lane Paved, Natural Gas, Paved Streets, Street Lighting, Sidewalk, City Water
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
HVAC:
Common Water Heater, Hot Water, Radiant
Fire Protection:
Automatic Alarm, Fire Extinguishers
Reports Avail:
Title Insurance
Num. of Parcels:
1
Cap Rate %:
4.16
Gross Operating Income:
$176,700
Other Income:
$0
Effective Gross Income:
$169,632
Net Operating Income:
$90,472
Total Oper. Expenses:
$79,160
Tot Expenses:
$86,228
Days on Mkt:
Entry date:
Sep 07, 2020
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Data was last updated September 27, 2020 at 04:30 AM (UTC)

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