11925 101st St NW - Apartments FOR SALE


Edmonton, AB T5G 2B8- North
$1,860,000 CAD
587-402-4432
11925 101st St NW, Edmonton, AB for Sale
$1,860,000 CAD
Apartments - FOR SALE
1/17
null | 5.4% Cap Rate

11925 101st St NW
Edmonton, AB T5G 2B8
North


HIGHLIGHTS

  • Highly desirable community across from NAIT
  • Over $800,000 in upgrades and renos
  • Renovated upgraded units

OVERVIEW

Welcome to this totally renovated from top to bottom apartment at 11925 101 Street, a 12-unit multifamily building located within minutes from NAIT, Kingsway Mall, Royal Alex hospital. 10 Spacious bachelors with open bedroom technically can be closed off to make one bedroom, 1 one-bedroom units, and1 one bedroom plus den larger unit, 6 units have balconies, Roof replaced three years ago. Building has upgraded double paned windows and patio doors. This building is totally renovated from a fire insurance claim with the rebuild exceeding $800,000, and has just been returned to the owner. The restoration includes: Brand new intercom system, brand new fire monitoring system, new mailboxes. All units completely upgraded with new luxury vinyl plank flooring, new kitchens, new appliances, new lighting, new bathroom, new closet doors, and new paint. Common areas have been upgraded with luxury vinyl planks, new paint, and entire building have been fitted with new energy efficient LED lighting. Building electrical and fire alarms systems updated to meet current specifications. Laundry in building owned by the building to generate extra revenue. Boiler is original but regularly maintained, Hot water tank 10 years old. Asking $155,000 a door total priced at $1.860 million. Solid brick front exterior, rest stucco. Empty building allowing you to bring your own tenants at current market rents. 5.35 % cap rate. Call Jean-Paul Noujaim at 780-707-8152. Remedy Professional Realty.

FOR SALE DETAILS

PRICE

$1,860,000 CAD

PRICE/SF

$246 CAD /SF

# OF UNITS

12

PRICE/UNIT

$155,000

CAP RATE

5.4%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1970

PARKING SPACES

12

LAND DETAILS

LAND ACRES

0.02 AC

LAND SF

857 SF

ZONING

RA7

APN/PARCEL ID

6141055

ASK ABOUT THIS PROPERTY

Jean-Paul NoujaimRemedy Professional RealtyMore Info
587-402-4432

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Jean-Paul NoujaimRemedy Professional RealtyMore Info
587-402-4432

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.