Multi-Family Commercial for Sale
Courtesy of Jeneen Marchant of RE/MAX Real Estate
Property For Sale In Newton, Edmonton
- MLS®#: E4365946
- Price: $2,307,900
- Year Built: 1969
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.
Contact Elisse Moreno About MLS® E4365946
Required Field
Elisse Moreno, 1.587.400.SOLD (7653) at Elisse Moreno (REALTORS® with RE/MAX Real Estate), Suite 200, 10835 – 124th Street NW, Edmonton, Alberta, T5M 0H4
property information
- Property Type: Multi-Family Commercial
- MLS®#: E4365946
- Year Built: 1969
Community Information
- Neighbourhood: Newton
- City: Edmonton
- Postal Code: T5W 3N4
Registration Benefits
By Creating an Account You'll Access:
- More Edmonton Listings Browse through every listing in the MLS® System and do as many different searches as you like!
- Days on Market & Financial Info See protected details including Days on Market, Taxes, Condo Fees, Possession Dates, and more!
- Save Your Favorites Star favorite listings, add personal notes, and save custom searches you use frequently!
- Real Time Email Notifications Opt in to receive emails when new properties are listed that match your saved searches!
Disclaimer: 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 2, 2024, 11:54 pm.