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  • 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437

    Main Photo: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
    • Photo 1: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
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    • Photo 3: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
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    • Photo 10: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
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    • Photo 12: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
    • Photo 13: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
    • Photo 14: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
    • Photo 15: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
    • Photo 16: 11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437
    $1,888,888
    Multi-Family Commercial
    Courtesy of John W Carter of RE/MAX River City
    Status:
    Active
    MLS® Num:
    E4153437
    Build. Type:
    Low Rise (2-4 stories)
    Cheviot Manor is strategically located on a quiet, tree lined street, surrounded by other apartment buildings & newer condo development. Near several schools, and existing transit with efficient access to the expanding LRT network to NAIT. The location & suite mix optimizes minimizing vacancy & increasing rental demand & rent rate growth that has been consistent since the current owner purchased the building in March of 2010. The 15 suite, 3 storey walk-up apartment building contains 3 bachelor, 10 one bedroom & 2 two bedroom suites. In above average condition for the 1972 built wood frame building, recent upgrades to the roof in approximately 2005, suites from 2011 to date, & hallway common areas & landscaping in 2015 continue to improve the building. With stabilized market rents NOI would be back to historic $96,303 = 5.1% cap rate on list price. More details
    JOHN CARTER
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Data was last updated April 25, 2019 at 02:30 PM (UTC)
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.