Courtesy of Tim Gartner of MaxWell Progressive

 8117 114 Avenue , Edmonton

Bed / Bath / $2,125,000 / MLS® Listing #:E4273872

  • Property Info
  • WalkScore
  • Mortgage Info
  • Share

Fantastic Investor Opportunity Package, cash flow turn key rentals ! 17 Condo Apartment Units in 2 Buildings, minutes apart. 9 units in Parkdale Manor(built in 2009), and 8 units in Parkdale Terrace(built in 2003@ 8021 115 avenue) The Buildings are well managed, well maintained, close to shopping LRT and Trails. The Apartment Units bring a strong monthly rent roll, for the investor, in a fantastic central location .The units have balconies and in-suite laundry, newer and contemporary finishes, with all appliances. These are residual units from the Developer being sold as one block. Bulk Purchase Cash Back of $255,000.00($15,000.00 per unit) is being offered b y the seller as a bulk purchase rebate , that bumps the Cap Rate from 6.2% to 7.1% . Amenities include, Bike Trails, Transit, shopping, These central locations, are 2 bedroom units or one bedroom with a den, and are great for Students and Professionals, as tenants. Ideal to add to an existing portfolio.

Property Details

Area Edmonton
Property Type Multi-Family Commercial
Days On Our Website 12
Garages 0

Courtesy of Tim Gartner of MaxWell Progressive

Loading WalkScore data...

Loading Mortgage Calculators...