$1,560,000

13213 sqft

Own Pine Manor with 7.93% Stabilized Cap Rate. Exist CMHC Mortgage MUST BE ASSUMED. 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 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. (id:45344)

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    Property Details

    MLS® Number E4350313
    Property Type Multi-family
    Neigbourhood Eastwood
    Parking Space Total 15

    Building

    Constructed Date 1971
    Size Interior 13213 Sqft

    Land

    Acreage No
    Size Irregular 15014
    Size Total 15014 Sqft
    Size Total Text 15014 Sqft

    https://www.realtor.ca/real-estate/25838655/11826-83-st-nw-edmonton-eastwood

    Brian Cyr
    Remax Elite
    BrianCyr StAlbert 1
    “Brian never pressured us in any way, making us feel comfortable in our dealings with him. We would highly recommend him as a professional realtor.”
    - Bill & Kathy Hill