Courtesy of Dustin Batuik, Sterling Real Estate
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(780)-887-1346Listing Description
RARE OPPORTUNITY to own this 5-Plex in the Heart of Downtown! Although much of it is in Original Condition, this Property has been Excellently maintained! Featuring 2 x 2 Bedroom Units upstairs, 2 x 1 Bedroom Units in the basement & a 3 Bedroom Spacious Main floor Unit. This property could operate @ a 4.94% Cap Rate with an operating Annual rent of $79, 200 - EASILY! Great Holding Property with Large Scale Zoning! This property is Very Turn Key and features Multiple Entrances for complete tenant/owner privacy PLUS a 33 x 22 Triple Car Garage along with about 5 Exterior parking stalls on the driveway. The owners fenced backyard is a Beautiful Peaceful serenity amongst the busy vibrant life of downtown! All Fire Code permits are up to date. This is the Opportunity to be a few steps from Jasper Avenue in a Centralized portion of Downtown. Excellent Purchase for Large Family / Investors to Buy & Hold or Develop in a Clean Central Spo
Key Details
| MLS® Number: | 45371864 |
|---|---|
| Property Type: | Multi-Family Commercial |
| Year Built: | 1955 |
| Bedrooms: | 0 |
| Bathrooms: | |
| Fireplace: | No |
Community Demographics
