8504 121 AV NW Active Save Request In-Person Tour Request Virtual Tour
Edmonton,AB T5B0Z2
Key Details
Property Type Single Family Home
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 2,551 sqft
Price per Sqft $301
Subdivision Eastwood
MLS Listing ID E4459404
Style Bungalow
Bedrooms 10
Year Built 1970
Lot Size 7,448 Sqft
Property Sub-Type Freehold
Property Description
4 LEGAL SUITES! 10 Bedrooms side by side DUPLEX and a DOUBLE GARAGE! Located on a 50x148 Sq ft CORNER Unit! COMPLETELY RENOVATED with 4 redone kitchens, S/S appliances, redone bathrooms, new flooring, paint and baseboards. Other improvements include a 2011 roof, Vinyl Windows, high efficiency furnaces, 100 AMP electrical panels for each side, plus 2 fenced yards. This is the perfect, turnkey, buy and hold, w/ a long term land play! Located on a 90 degree corner lot with a boulevard and city sidewalks, back alley access from the side of the property, a nearby fire hydrant, and electrical lines on your side of the alleyway. This Property is also great for cash flow with a gross total Monthly rental income is $7200+ and total monthly costs traditionally floating around 2200-2600 / month, taking into consideration a vacancy rate of 5%, this property has an NOI of approximately 54-55k / year. This property has a Cap rate of OVER 7% at the current list price. A MUST SEE! (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features Yes
Fence Fence
View Y/N No
Building
Story 1