LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 5.05%, and rents can be increased from a total of $5950/month to market rate to get up to 7.49%! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 2+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry. I have more pictures of the units when they were vacant but the resolution is too low for this format. (id:32750)
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 5.05%, and rents can be increased from a total of $5950/month to market rate to get up to 7.49%! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 2+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry. I have more pictures of the units when they were vacant but the resolution is too low for this format. (id:32750)
Neighborhood
Type
Status
Active
Listing #
E4384668
Built
1991
Lot Size
0.17
Listed on site
14 days
Listed by:
RE/MAX Real Estate
Copyright 2020 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.