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Multifamily Property For Sale

Glenwood Multi-Family Building

9710 - 156 Street, Edmonton, AB T5P0E6

• Price:
  $1,575,000 CAD
• No. Units:
  15
• Building Size:
  13,271 SF
• Price/Unit:
  $105,000 CAD
• Property Type:
  Multifamily
• Property Sub-type:
  Garden/Low-Rise
• Property Use Type:
  Investment
• Cap Rate:
  4.40%
• Occupancy:
  100%
• Lot Size:
  13,000 SF
• Find Out More...

Last Verified  5/14/2012 Listing ID  17476480

Description

Glenwood is a large neighbourhood in Edmonton' s West end, dominated by single family dwellings and apartment buildings near schools. Residents enjoy a wide variety of services along Stony Plain Road, Mayfield Common and West Edmonton Mall. This 15 unit complex is in excellent condition. Renovations include: new roof (2008) and hot water heating system (2008). Each unit has been updated on turnover. Hallway and kitchen are sheet vinyl; bedroom and living room are carpeted. Original aluminum windows are well maintained by long term owners. Rents are below market. Building sits on 13,000 square foot lot.

Prime location on 156 street in Edmonton

Attachments

• Brochure

Financial Summary

• Actual
• Net Operating Income
  $69,300 CAD

Commercial property information by LoopNet

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Contact Listing Broker

Miki O'Ree (780) 200-6454

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.