Multi-Family Commercial for Sale
Property For Sale In Eastwood, Edmonton
- MLS®#: E4384668
- Price: $599,900
- Year Built: 1991
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920's, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry.
Contact Lisa Rice About MLS® E4384668
Lisa Rice, 780-962-8580 at RE/MAX PREFERRED CHOICE, #4, 16 Nelson Drive, Spruce Grove, Alberta, T7X 3X3
property information
- Property Type: Multi-Family Commercial
- MLS®#: E4384668
- Year Built: 1991
Community Information
- Neighbourhood: Eastwood
- City: Edmonton
- Postal Code: T5B 2N7
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