Multi-Family Commercial for Sale
Courtesy of Jeneen Marchant of RE/MAX Real Estate
Property For Sale In Newton, Edmonton
- MLS®#: E4365946
- Price: $2,307,900
- Year Built: 1969
What a price for 21 UNITS!!! This building has 19 two bedroom units and 2 three bedroom units which is great for long term tenants. Roof & boiler replaced in the early 2000s. Mortgage of 1.5M until June 2028 must be assumed. Priced at $109,900/door, a current CAP rate of 5.4%, and a stabilized CAP rate of 6.83%, this is an investor's dream! Plus the next door 69X123ft RA7 zoned lot on a 8516sq.ft 22 unit building pocket is also for sale at $399,900 (E4353770/ 12149-54st). Located close to schools, transit, amenities, and shopping, tenants will love living here.
Contact Terilynn Atwell About MLS® E4365946
Required Field
Terilynn Atwell, 780-962-8580 at RE/MAX PREFERRED CHOICE, #4, 16 Nelson Drive, Spruce Grove, Alberta, T7X 3X3
property information
- Property Type: Multi-Family Commercial
- MLS®#: E4365946
- Year Built: 1969
Community Information
- Neighbourhood: Newton
- City: Edmonton
- Postal Code: T5W 3N4
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Disclaimer: Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data was last updated May 8, 2024, 11:42 pm.