Multi-Family Commercial for Sale

Courtesy of Wally Fakhreddine of MaxWell Devonshire Realty

Property For Sale In Mccauley, Edmonton

 Multi-Family Commercial for Sale, MLS® # E4375881
  • MLS®#: E4375881
  • Price: $1,150,000
  • Year Built: 1926
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AVERAGING OVER $85,000.00 A YEAR NET PROFIT! THE TAJ MAHAL OF ROOMING HOMES! CREATIVE FINANINCING AVAILBLE FOR THIS EXTREMLY WELL MAINTAINED 21 SUITE ROOMING HOME! Located in Downtown Edmonton this property has GENERATES FANTASTIC REVENUES and BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Annual revenues for 2023 were $134,280.00 and net profits were $89,832.20 which would run over an 7% CAP RATE. This is definitely a JEWEL OF A PROPERTY AND IS A MUST SEE!

Contact Darcy Torhjelm About MLS® E4375881

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Darcy Torhjelm, 780-963-4004 at RE/MAX Real Estate, 102-4245 97 Street, Edmonton, Alberta, T6E 5Y7

property information

  • Property Type: Multi-Family Commercial
  • MLS®#: E4375881
  • Year Built: 1926
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Community Information

  • Neighbourhood: Mccauley
  • City: Edmonton
  • Postal Code: T5H 2J6
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Disclaimer: Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated April 26, 2024, 11:58 pm.

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