12715-12725 - 81 Street in Edmonton: Balwin Multi-Family (Commercial) for sale : MLS®# E1022624

12715-12725 - 81 Street Edmonton T5C 1M7 : Balwin

Reduced! Only $99,412/Unit!banner
$1,690,000
Prop. Type:
Multi-Family (Commercial)
MLS® Num:
E1022624
Status:
Active
Offering of 17 of 28 Condo Units in 2 Bldg Twin Project in Balwin called Laskin Courts, located on a Hge 39,051 sq.ft. lot.. Possibiliy of future development. Great Ste Mix: 3 Bach, 8 One Bdrm & 6 Two Bdrm Generous Size Units. Extensive Upgrades to Exterior, Interior Common Areas and Units as Tenants Vacate. Clean, Well Maintained Project with good Tenant Base. Room for rental increase on some units. Area of positive transition. Close proximity to the Yellowhead, Amenities, Public transportation and a 5 min drive to Downtown. Seller may carry a 2nd VTB Mtg to qualified Buyer. Ideal for Buyer with a smaller down payment.Ideal for Investor wanting to earn higher than bank deposit interest rate returns & gaining equity in this rising Real Estate Market. Condo Fees include Interior and Exerior Common Area maintenance and upgrading, Insurance and all Utilities that Tenants do not pay! The current Owner chooses a Mgmt Company for Rentals - the Buyer may wish to opt to Self Management since all other expenses and responsibilitis fall on the Condo Board Management? The Common Exterior and Interior Common Area Space have had major upgrading from the Condo Reserve Fund.The Owner of the 17 units has Major Voting Power on Condo Board Decisions. The Owner of the 17 unit portfolio have upgraded the interiors of the individual units as Tenants vacate. This portfolio is offered at a very reasonable price of $113,600/unit! Proforma and additional information available on request. Do not go direct & disturb Tenants. All viewings by Appointment Only. Please allow 1 ½-2 days’ notice.
Price:
$1,690,000
Property Type:
Multi-Family (Commercial)
Year Built:
1965
MLS® Num:
E1022624
Status:
Active
Listing information last updated on July 20, 2016 at 02:25 PM (UTC)
VAL TOFFOLI
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