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Courtesy of Sheldon M Kennedy of Local Real Estate

9936 87 Avenue
Zone 15 Edmonton T6E 2N7

$2,085,000
Multi-Family Commercial

Main Photo: 9936 87 Avenue in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4213283
Photo 1: 9936 87 Avenue in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4213283
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4213283
Build. Type:
Low Rise (2-4 stories)
Located on Prime Strathcona 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 14 -1bdrm | 1 bach. The other 2 buildings included in this portfolio are 15 suites located at 7615 - 105 St. & 20 suites at 10717-81 Ave. This building has been extensively remodelled with all brand new mechanicals, roof, windows, balconies, boiler, common hallway carpet, paint inside and out, fences and landscaping. Many of the suites in these buildings have been remodelled as well. 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:
1965
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories)
# Bldgs:
1
# Units:
15
Tot Pkg Spaces:
15
# Storeys:
3.0
Year built:
1965 (Age: 55)
Total Floor Area:
10,764 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Heating Source:
Natural Gas
Plan:
830NY
Title to Land:
Fee Simple
LINC Number:
0013939533
Level Land, Landscaped, Paved Lot, Shopping Nearby, Public Transportation, Paved Lane, Schools, Partially Fenced
Alarm System, Appliances Included, Balconies, 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 %:
4.15
Gross Operating Income:
$157,260
Other Income:
$0
Effective Gross Income:
$150,969
Net Operating Income:
$86,424
Total Oper. Expenses:
$64,545
Tot Expenses:
$70,835
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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