Courtesy Of Tim Gartner Of MaxWell Progressive

8117 114 Av Nw, Edmonton

$2,125,000


Fantastic Investor Opportunity Package, cash flow turn key rentals ! 17 Condo Apartment Units in 2 Buildings, minutes apart. 9 units in Parkdale Manor(built in 2009), and 8 units in Parkdale Terrace(built in 2003@ 8021 115 avenue) The Buildings are well managed, well maintained, close to shopping LRT and Trails. The Apartment Units bring a strong monthly rent roll, for the investor, in a fantastic central location .The units have balconies and in-suite laundry, newer and contemporary finishes, with all appliances. These are residual units from the Developer being sold as one block. Bulk Purchase Cash Back of $255,000.00($15,000.00 per unit) is being offered b y the seller as a bulk purchase rebate , that bumps the Cap Rate from 6.2% to 7.1% . Amenities include, Bike Trails, Transit, shopping, These central locations, are 2 bedroom units or one bedroom with a den, and are great for Students and Professionals, as tenants. Ideal to add to an existing portfolio.

Listing Details
Office

Courtesy Of Tim Gartner Of MaxWell Progressive

Essential Information
MLS® #E4273872
Price$2,125,000
Square Footage777
Acres0.00
Year Built2003
TypeMulti-Family Commercial
StatusACTIVE
Community Information
Address8117 114 Av Nw
AreaEdmonton
SubdivisionParkdale_EDMO
CityEdmonton
ProvinceAB
Postal CodeT5B 0C1
Amenities
Parking Spaces1
Interior
# of Stories4
Exterior
ConstructionWood Frame
Additional Information
ZoningRA7

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Listing information last updated on January 20th, 2022 at 10:32am MST.

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