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Properties

Courtesy of Lucia Arnieri of Re/Max Select

7904 118 Avenue
Zone 05 Edmonton T5B 0R6

$2,400,000
Multi-Family Commercial

Main Photo: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 1: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 2: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 3: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 4: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 5: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 6: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
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Photo 11: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 12: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 13: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 14: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 15: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 16: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 17: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Photo 18: 7904 118 Avenue in Edmonton: Zone 05 Multi-Family Commercial for sale : MLS®# E4183939
Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4183939
Build. Type:
Low Rise (2-4 stories)
Prime location, major traffic flow with approximately 15,000 Sq.Ft. Plenty of parking with an additional 10 parking stalls in back of building. Free standing three storey multi-tenant commercial building. Main floor- this is commercial retail space made up of five bays and currently occupied by three tenants who all occupy the main floor. Second and Third floor- Ten-Two-Bedroom, 2 Bath, 2 level apartment suites- all ten suites are currently occupied, 2 units renovated. There is approximately 800-850 Sq ft of space per suite. Basement contains janitor/storage room, laundry room and main mechanical room. Close to the Coliseum LRT, giving quick assess to downtown and U of A area.
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
See Remarks
Building Type:
Low Rise (2-4 stories), Commercial Mix, Multi Tenant/Multi Plex
# Units:
10
Tot Pkg Spaces:
20
# Storeys:
3.0
Year built:
1978 (Age: 42)
Total Floor Area:
15,464 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
RA7
Plan:
2436AB
Title to Land:
Fee Simple
LINC Number:
0017079872
Shopping Nearby, Public Transportation, Back Lane
Num. of Parcels:
1
Cap Rate %:
5.0
Gross Operating Income:
$154,042
Other Income:
$0
Effective Gross Income:
$154,042
Net Operating Income:
$110,000
Total Oper. Expenses:
$44,000
Tot Expenses:
$44,000
Entry date:
Jan 13, 2020
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Data was last updated July 11, 2020 at 06:30 PM (UTC)
CHERYL GAULDEN
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.