10640 - 103 Street in Edmonton: Central McDougal Multi-Family (Commercial) for sale

10640 - 103 Street Edmonton T5H 2V5 : Central McDougal

Exterior Frontbanner
$1,125,000
Prop. Type:
Multi-Family (Commercial)
Status:
Sold

David's Apartments is a 9 Ste Project located on 7504 sq.ft. lot (49.868 ft x 155.839 ft). There are 1 Bachelor & 8 Generous Size One Bedroom Units. Newer Compliant Balconies. Fire Code Compliant. Newer Pitched Roof. Newer Insulation, Siding and Capped Windows. Upper Level Suites have Vaulted Ceilings. 9 Stoves & Fridges - some Newer. The Token Washer & Dryer are Owned.Walking Distance to Grant MacEwan College; the 'Wow' Amenities of 104th Ave; the New Arena District, RA Hospital, and Downtown.Upside to Raise Rents with Upgrading.9 Energized Parking Stalls. Tenants Pay Power. Fenced Yard in front. Private Fenced yard in Rear with Shed & Picnic Table for Tenants' use. Very Clean Project. Much original Wood Doors & Cabinets - most in very good condition. Desirable Tenant Base - Adult Only Bldg..Out of Area Owners self-manage with an On-Site Manager. This project was awarded the City of Edmonton Award for Outstanding Exterior Curb Appeal! 5.43% CAP RATE. Treat as Clear Title and take advantage of today's low rates.

PROFORMA AVAILABLE ON REQUEST: Call Val: 780-707-9395; vtoffoli@shaw.ca

Price:
$1,125,000
Property Type:
Multi-Family (Commercial)
Year Built:
1961
Status:
Sold
9 Generous Size Suites: Suites have an excellent floor plan with plenty of cabinets & storage.
Looking Good: Project was awarded the 'Looking Good ' Neighbourhood from the City of Edmonton for Great Curb Appeal - See photo
Balconies: Front Upper Suites Feature Balconies with New Compliant Railings. Great View of Downtown.
Newer Pitched Roof: Newer Asphalt Shingles
Vaulted Ceilings: Upper Level Suites Feature Vaulted Cedar Ceilings. Some are natural wood, others have been painted.
Newer Siding & Window Capping: New Insulation under the New Siding. Windows have been Capped.
Excellent Ctl Location: Excellent Location bordering on New Arena Development Area; 1 Block to the 'Wow' Amenities of 104th Ave, Less than 2 Blocks to Grant MacEwan University, the LRT, wak to Jasper Avenue.
Fire Code: Up to Current Fire Code.
Tenant Profile: Decent, Stable Tenant Profile in this Adult Only Building.
Upside: Rental Increase Potential with Cosmetic Upgrading
Listing information last updated on February 7, 2016 at 05:41 AM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.