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Courtesy of Pam Gill of Sutton Central Commercial Real Estate

8603 99 Street
Zone 15 Edmonton T6E 3T9

$1,305,000
Multi-Family Commercial

Main Photo: 8603 99 Street in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4226397
Photo 1: 8603 99 Street in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4226397
Photo 2: 8603 99 Street in Edmonton: Zone 15 Multi-Family Commercial for sale : MLS®# E4226397
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4226397
Build. Type:
Freestanding
This is a 2.5 story wood frame nine suite apartment complex. Located in the Prime Southside Neighborhood of Strathcona. Close to Whyte Ave, easy access to University of Alberta and downtown. Walk to the transit stop. This building was renovated in 2016. Eight suites have been completely renovated. Large Suite size, unique floor plan. Eight units have a front and back access door. Harwood in Livingroom and bedroom. Adult building. Exterior was upgraded with vinyl siding. Self managed. Low Vacancy due to the prime location. Annual Gross income over $100,000
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Freestanding, Low Rise (2-4 stories), Walk Up
# Units:
9
Tot Pkg Spaces:
6
# Storeys:
2.5
Year built:
1953 (Age: 68)
Total Floor Area:
7,623 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Plan:
I17
Title to Land:
Fee Simple
LINC Number:
0015550784
Num. of Parcels:
1
Cap Rate %:
4.6
Gross Operating Income:
$99,420
Other Income:
$3,021
Effective Gross Income:
$100,716
Net Operating Income:
$60,028
Total Oper. Expenses:
$37,667
Tot Expenses:
$37,667
Days on System:
Entry date:
Jan 27, 2021
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Data was last updated May 13, 2021 at 12:30 AM (UTC)

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.