10732 96 St Nw

96 St, Central Edmonton, Edmonton, AB, T5H 2J6

Beds

Baths

5,200

Sq. Ft.

$1,125,000

List Price

61 days on market

Quick Summary

Generates fantastic revenues with 21 suites
Extremely well maintained property in downtown Edmonton
4 bathrooms, coin operated laundry, fob entry
In-floor heating in storage and workshop areas
Long term tenants, professionally managed
2023 revenues of $134,280, $89,832 net profit
Runs over a 7% cap rate, a jewel of a property
Creative financing available, must see

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! (id:54626)

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Property Details

Size

5,200 sq. ft.

0 Beds

0 Baths

Parking

3 Parking Spaces

Build

Year Built

1926

Model Name

Basement

Exterior

Foundation

Builder Name

Stories

Flooring

Roof

Source

Listing Brokerage

MLS® Listing

E4375881

Brokerage

MaxWell Devonshire Realty

MLS® Listing

E4375881

Last Updated

May 4, 2024

Brokerage

MaxWell Devonshire Realty

Call us 800-591-0566

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