11812 - 45 Street in Edmonton: Beacon Heights Multi-Family (Commercial) for sale : MLS®# New

11812 - 45 Street Edmonton T5W 2T4 : Beacon Heights

UPGRADED FOURPLEXbanner
$569,000
Prop. Type:
Multi-Family (Commercial)
MLS® Num:
NEW
Status:
Active

Great Investment Opportunity! This legal bi-level Fourplex is located on a huge 863.49 sq.m. lot in Beacon Heights on a quiet tree lined street. It has had many upgrades including newer stucco & a newer roof on both the fourplex & the garage. 3 of the 4 units have had extensive upgrading including but not limited to flooring, cabinets, counter tops, back splashes, hardware, fixtures & paint. The 4th unit with a long term Tenant has also had some upgrading & shows well. The New Energy Efficient Boilers are leased with complete service maintenace included at a nominal fee. There are 3 two bedroom units, 1 one bedroom unit & a Laundry Room with coin machines for additional income plus the double garage is rented out separately. It is professionally managed for the out of area Owner. It shows a 5% cap rate at list price. Don't let this one get away! Proforma available on request to vtoffoli@shaw.ca. Please do not approach Tenants. Call Val at 780-707-9395 for a Proforma and an appointment to view. Please allow 1 ½-2 days' notice to book a viewing

5% Cap Rate: 5% Cap Rate even with Professional Management Fee. Manage on your Own for a Higher Return! Or Occupy one unit and let the Tenants pay your Mortgage1
NEW Exterior Stucco: New attractive California Stucco.
3 Units Extensively Upgraded: 3 of the 4 Units have been extensively upgraded. Upgrades include but are not limited to new Cabinets in Kitchens and Bathroom, counter tops, back splashes, flooring, fixtures including low flush toilets, hardware, doors, and painting.
Tenants Pay Their Power: Each of the four units is individually metered and the Tenants pay for their Own Power. Owner pays common area Power, Heat, Water, Sewer & Garbage.
Balconies: The two upper units in this bi-level duplex have balconies accessed from the Living Rooms.
Parking: There are 4 energized parking stalls. Tenants pay for the Power. There is a detached Double Garage which is rented separately for additional income
New Roofs: There are new Asphalt Shingle Roofs on both the Fourplex and the Garage
Year built:
1965 (Age: 53)
Listing information last updated on March 14, 2017 at 12:03 PM (UTC)
VAL TOFFOLI
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.