Multi-Family For Sale - Low Down Payment, Turnkey
$1,100,000 or $110/door
- GREAT RA7 ZONING
- SITE AREA 697 M2
- 7 PARKING STALLS
- TASTEFULLY FURNISHED
- WALK TO DOWNTOWN
- MANY UPGRADES
- LIVE IN CARETAKER
PDF Summary of this Amazing Opportunity
Opportunity
$1,100,000
Get into Multi-Family
Get into Multi-Family
Net Operating Income $65,742
Offered @ $1,100,000
Cap Rate 5.9%
Get into Multi-Family
Get into Multi-Family
Get into Multi-Family
The hard work is done!
Low down payment, easy assumption.
Approximately 20% down
with assumable mortgage @
only 1.89%
Renewal: Dec. 2021
10 Apartments
Get into Multi-Family
10 Apartments
1956 3 story Wood frame
2x2 Bachelors
5x 1 Bedroom
1x 1 bedroom den
2x2 bedroom
Revenues
Boutique Furnished & Unfurnished
10 Apartments
Gross Potential Revenue $105,800
Vacancy 6% -$6,345
Bad Debt -$3,1373
Gross Revenue $96,235
Expenses
Boutique Furnished & Unfurnished
Boutique Furnished & Unfurnished
Property Tax $11,676
Insurance $3,669
Utilities $3,667
Repairs & Maintenance $2,000
Management Fees $9,480
Operating Expenses $30,492
Boutique Furnished & Unfurnished
Boutique Furnished & Unfurnished
Boutique Furnished & Unfurnished
This building has been set up as a turn key furnished and unfurnished rental. Ideal for attracting better tenants, student housing and premium rents.
The areas is being revitalized, central and walking distance to downtown and LRT
Inquire Today
A mortgage assumption means the sooner it is transferred the lower the down payment for you.
- live-in care giver cleans and does minor repairs and maintenance..
- Can provide contacts for other services
- Inspection report available
- Furnace and roof were serviced and repaired
- New extra secure front door and locks
- Surveillance cameras for added security
- Option to give 10% ownership in exchange for Property Management
Astoria Village - Edmonton Rentals and Student Housing
10304 107 Avenue NW, Edmonton, Alberta T5H 0V8, Canada
Astoria Village - Edmonton Rentals and Student Housing
10304 107 Avenue NW, Edmonton, Alberta T5H 0V8, Canada
778-331-3845 ext 104
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