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Courtesy of John D Stobbe of Platinum Property Group Inc.

9107 88 Avenue
Zone 18 Edmonton T6C 1M2

$3,700,000
Multi-Family Commercial

Main Photo: 9107 88 Avenue in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4405102
Photo 1: 9107 88 Avenue in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4405102
Photo 2: 9107 88 Avenue in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4405102
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Photo 16: 9107 88 Avenue in Edmonton: Zone 18 Multi-Family Commercial for sale : MLS®# E4405102
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4405102
Build. Type:
Multi Tenant/Multi Plex
This 3-story building has 20 residential apartments and 5 commercial spaces. The building is currently 100% occupied. The residential suites comprise of 12 one-bedroom suites and 8 two-bedroom suites. There are 10 suites on each floor; all suites have one bathroom, galley style kitchen with a stove & fridge, balcony, and energized outdoor parking stall. The 2 bedrooms have storage space within the unit, while the 1-bedroom units have access to storage in the basement area. The 2 bedrooms suite generally rents for $1200 and 1-bedroom suites rent for $1000. Copies of tenant leases are available. The building is of concrete construction, flat tar roof with a natural gas boiler and 80-gallon hot water tank. This equipment services both the residential and commercial tenants. The main entrance faces east. There is 2 washers and 2 dryers on site; leased.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Concrete
Building Type:
Multi Tenant/Multi Plex
# Units:
25
Tot Pkg Spaces:
20
# Storeys:
3.0
Year built:
1987 (Age: 37)
Total Floor Area:
19,120 sq. ft.
Lot Area:
0 sq. ft.
Plan:
3737AI
Title to Land:
Freehold
LINC Number:
0012396628
Num. of Parcels:
1
Cap Rate %:
6.15
Gross Operating Income:
$231,985
Other Income:
$116,136
Effective Gross Income:
$355,686
Net Operating Income:
$111,349
Total Oper. Expenses:
$120,637
Tot Expenses:
$111,349
Days On Website:
41 day(s)
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Data was last updated October 16, 2024 at 12:30 AM (UTC)
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.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.