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Courtesy of Alija Alickovic of RE/MAX River City

11925 103 Street
Zone 08 Edmonton T5G 2J4

$1,800,000
Multi-Family Commercial

Main Photo: 11925 103 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4236456
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4236456
Build. Type:
Low Rise (2-4 stories)
Park Plaza Apartments is a fifteen suite apartment building located at 11925 -103 St in Westwood Neigbourhood. It is a two and a half story walk up, wood frame construction building with balconies. It was built in 1969. Parking is surface and paved.Majority of units have been renovated. Recent renovation include: New hot water tank, furnace , some plumbing, paint in the common area and side walk. Thew hallway carpet will be replaced. The suite mix is 1-one-bedroom and 14 two-bedroom suits. Close proximity to Royal Alexandra Hospital, NAIT and Kingsway Garden Mall. Approximately 10 minutes drive to Edmonton Downtown, and easy access to Yellowhead trail. The rent has not been raised for over 10 years, so it is way under market rate. INCREDIBLE POTENTIAL.
Sale Type:
Asset or Share
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Low Rise (2-4 stories), Multi Tenant/Multi Plex
# Units:
15
Tot Pkg Spaces:
15
# Storeys:
2.5
Year built:
1969 (Age: 52)
Total Floor Area:
15,000 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Plan:
RN52
Title to Land:
Fee Simple
LINC Number:
0015380280
Nearest Town:
Edmonton
Num. of Parcels:
1
Cap Rate %:
4.0
Gross Operating Income:
$135,840
Other Income:
$720
Effective Gross Income:
$136,560
Net Operating Income:
$79,907
Total Oper. Expenses:
$53,936
Tot Expenses:
$53,936
Days on System:
77
Entry date:
Apr 05, 2021
  • Photo 1: 11925 103 Street in Edmonton: Zone 08 Multi-Family Commercial for sale : MLS®# E4236456
    Photo 1 of 1
Data was last updated June 17, 2021 at 12:30 AM (UTC)
Alma Alickovic
Cell: 780-504-0470
Beds (Min)
Any
1
2
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5
Baths (Min)
Any
1
2
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5
Priced between $ & $
Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.