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Lynn Gallimore
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Lynn Gallimore
Sterling Real Estate
11155 65 Street,
Edmonton, Alberta T5W 4K2
Phone: 780-920-5219
Fax:780-471-8058
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Data Last Updated April 28, 2024, 11:10 pm
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Descriptions:
AVERAGING OVER $85,000.00 A YEAR NET PROFIT! THE TAJ MAHAL OF ROOMING HOMES! CREATIVE FINANINCING AVAILBLE FOR THIS EXTREMLY WELL MAINTAINED 21 SUITE ROOMING HOME! Located in Downtown Edmonton this property has GENERATES FANTASTIC REVENUES and BOASTS 21 SUITES, 4 BATHROOMS (2 ON EACH FLOOR), COIN OPERATED LAUNDRY, FOB ENTRY and so much more! The lower level is currently used for storage along with office and workshop ALONG WITH IN-FLOOR HEATING. The average tenant has been long term (8 years on the average) and this property is in very good condition and managed professionally. Annual revenues for 2023 were $134,280.00 and net profits were $89,832.20 which would run over an 7% CAP RATE. This is definitely a JEWEL OF A PROPERTY AND IS A MUST SEE!
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Property Info: |
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Property Type: |
Multi-Family Commercial |
Year Built: |
1926 |
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Additional Info: |
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Legal Description: |
10732
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Contact Lynn Gallimore - 780-920-5219
11155 65 Street, Edmonton, Alberta, T5W 4K2
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Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated April 28, 2024, 11:10 pm. |
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