11739 122 St Nw Nw
122 St NW, Central Edmonton, Edmonton, AB, T5M 0B6
Quick Summary
Quick Summary
- Rare corner lot zoned for 29-unit apartment
- Backing to green space and off-leash park
- Convenient location near major retailers
- Diverse unit mix: 2 bachelors, 18 one-beds, 9 two-beds
- Estimated gross income of $528,000 annually
- Attractive 5.25% capitalization rate
- Existing tenants with leases until July 2025
- Seller offers option to build completed project
Buy & Build your own 4 Story apartment for 29 units on a RM h16 zoning CORNER lot 49.9 * 150(140'). The site is backing to green space and off leash Park. The site location near Canadian tire & Superstore and public transportation to Kingsway mall. Bachelor (2 units), 1-bed (18 units), 2-bed (9 units). 29 units estimated gross income... Show More
Buy & Build your own 4 Story apartment for 29 units on a RM h16 zoning CORNER lot 49.9 * 150(140'). The site is backing to green space and off leash Park. The site location near Canadian tire & Superstore and public transportation to Kingsway mall. Bachelor (2 units), 1-bed (18 units), 2-bed (9 units). 29 units estimated gross income $528,000. Cap rate 5.25%. The house has not been demolished yet. The house has been kept in a good condition. Currently total rent $2250/m. The lease end until July 31, 2025. Buyer can apply mortgage on the property. The seller is also option to build the completed project on request. (id:54626)
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