11320 - 124 Street NW in Edmonton: Inglewood Multi-Family (Commercial) for sale

11320 - 124 Street NW Edmonton T5M 0J8 : Inglewood

The Belvedere - 20 Unit Apt Bldg with Excellent Mix - 5.16% Cap Ratebanner
$2,450,000
Prop. Type:
Multi-Family (Commercial)
Status:
Sold
The Belvedere is an Attractive 20 Unit Apt Bldg in Desirable, Revitalized Inglewood with an Excellent Ste Mix of 2 Bach, 11 One Bdrm, 4 Two Bdrm & 3 Bdrm Generous Size Stes. Treat as Clear Title & place your Own Mtg below a 3% rate – Call for details. Many Upgrades including but not limited to: 5 Yr Old Roof; New Compliant Balconies; Impressive Canopy and more than ½ of the units have had extensive impressive upgrades. 5.16% cap rate with varied low rental rates - room for increase to market rates. On Bus Route. Close to all Amenities and walking Distance to Downtown. Proforma Available upon request. Pls allow 1 ½-2 days’ notice to view. Do Not Go Direct to Disturb Tenants.
Price:
$2,450,000
Property Type:
Multi-Family (Commercial)
Year Built:
1968
Status:
Sold
GREAT SUITE MIX: 2 Bachelor; 11 One Bdrm; 4 Two Bdrm; 3 Three Bdrm. All Generous Size Suites
MANY UPGRADES: Extensive Renos to more than half of the Suites as they were vacated. New Balconies, Canopy; Roof; Etc
5 YEAR OLD ROOF: No Need to budget for a New Roof!
FIRE & SAFE HOUSING COMPLIANT: Fire Code Upgrading Completed. New 42" Balcony Railings
GET NEW MORTGAGE AT LESS THAN 3%: Treat as Clear Title and place your own new Mortgage at today's attractive low rates.
WONDERFUL RENTAL AREA: Desirable Neighbourhood of Inglewood. Walking distance to Downtown. On Bus Route and close to amenities
Listing information last updated on July 4, 2014 at 12:52 AM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.