RE/MAX PREFERRED CHOICE Nobody Sells More Real Estate Than RE/MAX
Agent On Duty Katie Crawford View Profile

Multi-Family Commercial for Sale

Courtesy of Jeneen Marchant of RE/MAX Real Estate

Property For Sale In Tipaskan, Edmonton

 Multi-Family Commercial for Sale, MLS® # E4403094

What a great investment opportunity at $165,000 per door! You can own 24 out of 72 units in a townhome complex, each individually titled. There's a mixture of 17 two-story 1044 sq.ft units, and seven 1033 sq.ft bungalow townhomes in this portfolio... all of which are 3 bedrooms! Rents are currently an average of $1,100 and being increased as leases are up for renewal, but you can easily increase to $1,300 on average to reflect market rents (this is shown in the stabilized proforma figures). The current cap rate is 3.46% and again can easily be increased to 5.41% by just going to market rents. The exterior has been completely updated. Also great as a BRRR because the photos reflect the average unit which could use renovations if you want to renovate and refinance, or rent as is. Move in ready and currently professionally managed. Low condo fees, close to schools, parks, transit, and amenities makes us a solid investment for any portfolio. No VTBs or creative financing please.

Contact Katie Crawford About MLS® E4403094

Required Field

Katie Crawford, 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®#: E4403094
  • Year Built: 1977
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Community Information

  • Neighbourhood: Tipaskan
  • City: Edmonton
  • Postal Code: T6K 3J9
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$3,960,000

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