Elisse Moreno 1.587.400.SOLD (7653) Elisse Moreno (REALTORS® with RE/MAX Real Estate)

Listing Courtesy of Jeneen Marchant of RE/MAX Real Estate

MLS®: E4365946 - Newton $2,307,900

  • Address: Not available
  • Size: sq.ft.
  • 0
  • Other

What a price for 21 UNITS!!! This building has 19 two bedroom units and 2 three bedroom units which is great for long term tenants. Roof & boiler replaced in the early 2000s. Mortgage of 1.5M until June 2028 must be assumed. Priced at $109,900/door, a current CAP rate of 5.4%, and a stabilized CAP rate of 6.83%, this is an investor's dream! Plus the next door 69X123ft RA7 zoned lot on a 8516sq.ft 22 unit building pocket is also for sale at $399,900 (E4353770/ 12149-54st). Located close to schools, transit, amenities, and shopping, tenants will love living here.

MLS®: E4365946 - Newton $2,307,900

  • Address: Not available
  • Size: sq.ft.
  • 0
  • Other

Property Information

Property Type: Multi-Family Commercial

Year Built: 1969

Brokerage: RE/MAX Real Estate

Listed Date: Please login or create an account

Community Information

City/Town: Edmonton

Community: Newton

Exterior

Lot Size: 0.00 sq.ft.

Interior

Rooms

Bathrooms: Full: 0 / Half: 0

Legal, Financial & Possession

Listing Courtesy of Jeneen Marchant / RE/MAX Real Estate

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. Data was last updated May 17, 2024, 11:46 pm.

MLS®: E4365946 - Newton $2,307,900

  • Address: Not available
  • Size: sq.ft.
  • 0
  • Other

Listing Courtesy of Jeneen Marchant / RE/MAX Real Estate

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. Data was last updated May 17, 2024, 11:46 pm.