Opportunity knocks with this Charming 1912 Upgraded 11 Unit property. The units have extensively renovated. $96,000 spent in recent renos including bsmt, new drywall, flooring, paint, bathrooms, kitchens, toilets, etc. It is well located with numerous 'skinny homes' in close proximity. Just a short walk to the Italian Centre & 5 minutes to Downtown. 4,037.263 sq ft lot with additional development potential. Rental income has been fairly consistent (2013 - $53,462.12, 2013- $53,000, 2015 - $52,870, 2017 - $59,040). Average Rental Income $54,493.03 over the last few years. Vendor pays gas/electricity/water/garbage. Most of the tenants are stable & employed. Note: Mgmt of 6% ($3382) is added to expenses although Out of Area Owner Self Manages with an excellent Caretaker ($3,000/yr also in expenses) who keeps a very close eye on the property & would consider remaining. A must to see! Do Not Go Direct or Disturb Tenants! Proforma available upon request.
Kevin Grenier, 780-893-0269 at MaxWell Polaris, 4107 99 street, Edmonton, Alberta, T6E 3N4