Commercial Properties For Sale
Search all RE/MAX River City - Commercial Division Members here - DIRECTORY
View all available commercial real estate listings in Edmonton and Northern Alberta for sale through our office below. Contact our reception team members, or the listing Associate directly.
If you'd like to be added to our email list to be sent these opportunities as they become available, please SUBSCRIBE here.
11140 108 Avenue in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4153437$1,888,888Multi-Family CommercialCourtesy of John W Carter of RE/MAX River City
- MLS® Num:
- 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