27 upgraded Suites - 1978 Construction - Open to Reasonable Offers

9520 - 103 Ave-Quan Manor-Try 20% DOWN!!! T5H0G9 :

Main Photo: 27 upgraded Suites - 1978 Construction - Open to Reasonable Offersbanner
$2,025,000
Prop. Type:
Multi-Family (Commercial)
MLS® Num:
E1009310
Status:
Sold
80% Financing Possible to Qualified Buyer with Covenants. This well maintained, clean property with an excellent Tenant Profile is severely under market value rental rates therefore there is much upside on the income. It is listed at only $75,000/ste! It is a 3.5 storey, concrete foundation, wood frame construction, tar & gravel roof project featuring 24 balconies; an intercom system and individual power meters that the Tenants pay. The exterior is wood siding; california stucco and siding - the Seller will be upgrading the
Exterior Siding in Spring when weather permits & the List Price will be increased accordingly. The heating is hot water heating with a boiler and natural gas fuel.The suite size averages 650 sq.ft. more or less with a very functional floor plan. There are two laundry rooms with coin washers & dryers. The majority of the suites were upgraded in 2006 and upgrading continues as Tenants vacate. You will not be disapointed with the condition of the suites! This is an estate sale. New Management has been put in place which can be retained or terminated upon possession. For additional information please call Val at 780-707-9395 cell or 780-450-6300 for additional details. The Seller has requested that the Buyer first visit the location, review the numbers on the proforma which will be provided upon request  prior to booking showings to disturb Tenancy. Please call Val with any questions, concerns and inquiries with respect to this property. Val Toffoli; vtoffoli@shaw.ca; www.valtoffoli.com; Ph: 780-707-9395 or 780-450-6300; Fax: 780-433-0272 or 780-450-3955.
Price:
$2,025,000
Property Type:
Multi-Family (Commercial)
Year Built:
1978
MLS® Num:
E1009310
Status:
Sold
Listing information last updated on April 27, 2012 at 03:51 PM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.