Dave Dry Edmonton Real Estate Your Real Estate needs are our priority

Eastwood (Edmonton, Alberta, CA - T5B 2S6)
SOLD  $1,048,500 "Reduced!"


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Dave Dry
 
Dave Dry
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Cell: (780) 446 3727
 
Details

Address: 11936-81 Street Type: Multifamily Style:  Bedrooms: n/a "15 Units" Size: 0 sq. ft. ""15 Units"" Lot Type: Rectangular Lot Size: 100ft x 150ft "Approx. 14,993 ft2 lot" Has Suite: Yes Year Built: 1971 Taxes: $9,682.00 (2010) MLS®: E1015605
 
Description

11936 - 81 St, Edmonton, AB, Canada. 15 units apartment on a 100' x 150' or 30.5 m x 45.70 m lot; built in 1971; property tax is $9682 for 2010. Of the 15
units: 3 are bachelor, 8 are 1 bedroom, 4 are 2 bedrooms. All fully rented. Very well kept. Roof 01; HWT 09; common area carpet 10; intercom system 08,
newer fridges, some newer stoves. Effective Gross Operating Income is $132,892.83 including 5% vacancy & credit loss; Total Operating Expenses are
$49,285.75 including an extra $10,000.00 for maintenance allowance; Net Operating Income is $83,607.08. Cap rate is 7.97% ($83,607.08/
$1,048,500.00). An confidential agreement needs to be signed before receiving the pro-forma.
 
Brokered and Advertised by:   All-Banners Realty P2#22356457
 

Information is deemed to be correct but not guaranteed.