PRICE REDUCED $25,000.00!!!
Great Investment Opportunity showing over 7% cap rate even with a Mgmt Fee of $850/month. This 8 unit Rooming House was originally constructed in 1936 and modified and thereafter reconfigured to a rooming house is a money maker with potential for future development as Edmonton City Centre continues to transition positively. Walking Distance to Downtown, the Arena and the New Ice District, Royal Alex Hospital, Grant MacEwan University, close to all amenities and public transportation. Project is Safe Housing Approved and Licensed. Recent upgrading of lower units including new sub floor, flooring, baseboards, framing/insulation/drywall/paint and some electrical upgrading. new Back Flow Valve installed. Chattels include 8 Fridges, 4 Stoves & 4 Hot Plates. Do NOT Go Direct or Approach Tenants. Please allow 1 ½-2 Days' notice for viewings to Qualified Buyers. Proforma available upon request @ firstname.lastname@example.org
|7% Cap Rate:||7% Cap Rate even with a Mgmt Fee of $850/mo.|
|Newer Exterior Doors:||Lovely Stained Glass Front Door; Newer Metal and Side Back Doors. Unit Doors vary in Age.|
|Lower Level Unit Upgraded:||Lower Unit has been recently upgraded including framing, Insulation, Drywall, Paint, some Electrical and Flooring including new sub-floor,,Baseboards|
|Lower Bathroom Upgraded:||The Lower Bathroom has been upgraded - Toilet, Sink/Vanity, Flooring, Walls|
|New Back Flow Valve:||A new Back flow valve has recently been installed.|
|New Shower:||There has been a new Shower Unit recently installed in the Upper Level Common Bathroom Area|