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12221 117 Avenue
Zone 07 Edmonton T5M 0G7

$1,445,000
Multi-Family Commercial

12215 - 21 117 Avenue NW, Inglewood, Edmonton, AB
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4098806
Status:
Active
Build. Type:
Four-Plex
Fantastic Investment Opportunity in the Heart of Inglewood. Less than 1 Year Old 4-plex multi-family build fully tenanted with good Leases in place but with future opportunities to increase returns. 4 separated utilities and meters, each unit features 4 bedrooms, 3.5 bathrooms total including each fully finished basement. Excellent level of upgrade & spec, each unit also has one enclosed parking ( garage ) stall with parking behind each stall as well. Nice floor plans, full stainless steel appliance packages for each, granite countertops & good backsplash in every chef's kitchen, this is an excellent investment opportunity when comparing to other available multi-family choices. Proximity to future Blatchford lands, 124 Street, Westmount, Downtown, Parks, Community Leagues, good Public Transport & more yields excellent present & future cash flow opportunities. Increasing rents to market rent this summer only increases ones Cap Rate. Currently one Title therefore future owner has chance to condominiumize.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Four-Plex
# Units:
4
Tot Pkg Spaces:
4
# Storeys:
2.0
Year built:
2017 (Age: 1)
Total Floor Area:
4,156 sq. ft.
Lot Area:
7,045 sq. ft.
Land Use/Zoning:
RF3
Plan:
RN46
Title to Land:
Fee Simple
LINC Number:
0015514699
None Known
Units Include:
Dishwasher, Fridge, Garage Door Opener, Hoodfan, Microwave, Stove, Washer / Dryer, Window Coverings
Num. of Parcels:
1
Cap Rate %:
5.4
Gross Operating Income:
$90,000
Other Income:
$0
Effective Gross Income:
$90,000
Net Operating Income:
$77,972
Total Oper. Expenses:
$12,028
Tot Expenses:
$12,028
Entry date:
Mar 03, 2018
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    12215 - 21 117 Avenue NW, Inglewood, Edmonton, AB
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Larger map options:
Courtesy of Jeffrey Scott of RE/MAX River City
Listing information last updated on June 6, 2018 at 02:30 PM (UTC)
JEFFREY SCOTT
Copyright 2018 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.