Log in for exclusive access to new listings, private inventory and your saved favourites.
Already have a CIR REALTY account? Sign in Here
No
Yes
10315 120 AV NW
Edmonton
Update on 2023-07-04 10:05:04 AM
$900,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1972
YEAR BUILT
MLS® Number
E4420438
PROPERTY TYPE
Commercial
LISTING DATE
2025-02-05
Over $180K in upgrades and renovations over the past 9 years. 6-Plex on a corner lot (45.7 x 15.2 SQM) with 100% occupancy throughout. Current market rates present an opportunity to increase profit/cap rate by over 30%. Current rents may qualify for CMHC MLI Select financing, though the seller does not accept long-term financing. All tenants are month-to-month. Prime location near NAIT, Royal Alex Hospital, Blatchford, Downtown, and the Future LRT. Major upgrades: New parking/sidewalk, sewer line, boiler, hot water tank, balconies, main doors, mail lockbox, security system, additional storage, and shed. New fridges and some other appliances. Windows re-sealed and framed. Five suites partially renovated, Unit 102 fully renovated. The heating and security systems can be controlled remotely. Current rents: Four 2-bedroom units at $1,100 Two 1-bedroom units at $900. Rents are over 30% below market. Laundry revenue can be increased by over 50%.
(403) 271-0600
| COMMUNITY | |
| TYPE | Commercial |
| STYLE | |
| YEAR BUILT | 1972 |
| SQUARE FOOTAGE |
| BEDROOMS | |
| BATHROOMS | |
| BASEMENT | |
| FEATURES |
| GARAGE | No |
| PARKING | |
| ROOF | |
| LOT SQFT | 0 |
| ROOMS | DIMENSIONS (m) | LEVEL |
|---|---|---|
| Master Bedroom | ||
| Second Bedroom | ||
| Third Bedroom | ||
| Dining Room | ||
| Family Room | ||
| Kitchen | ||
| Living Room |
INTERIOR
EXTERIOR
Broker
MaxWell Challenge Realty
Agent
Anahid Shahmoradi