$ 1,560,000
11826 83 ST NW Edmonton, AB T5B 2Z3
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$ 1,560,000
Est. payment | /mo
13,213 SqFt
$ 1,560,000
Est. payment | /mo
13,213 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type for sale
Square Footage 13,213 sqft
Price per Sqft $118
MLS® Listing ID E4350313
Year Built 1971
Property Description
Own Pine Manor with 7.93% Stabilized Cap Rate and ASSUMABLE MORTGAGE. It's a 15 suite 2.5 storey walk-up building at 11826 - 83 Street in NE Edmonton, in the Eastwood neighbourhood. It has an excellent mix of 6 One BR suites and 9 Two BR suites to maximize your rental income and keep vacancies low. Rents were raised this year plus room for additional rent increases. Newer vinyl window in some suites and there are a total of 10 balconies plus 15 energized paved parking spots for the tenants. Coin-op laundry machines (leased), newer hot water tank, and 3 interior storage rooms, plus an ext. storage shed round out this package. LED lights have been provided in all common areas and the building meets all fire code updates. The property is a great location for tenants as it is close to many bus routes, grocery stores, services and other amenities. An experienced on-site caretaker and Prof. Prop Mgr look after the building for a hands free ownership experience. See REALTOR'S website for more details.
Location
Province AB
Community Eastwood
Area Edmonton
Building
Story 2.5
Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Gary Mah • Exp Realty
Thanks for stopping by. My name is Nathan Lorenz, REALTOR® at Real Broker here in the Greater Edmonton area real estate market helping clients buy, sell, or invest in real estate.
So if you are here to learn about the real estate and housing markets, learning specifically about the Edmonton and area real estate market, or investing in real estate, I can be your guide!
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