Courtesy Of Jeneen L Marchant Of RE/MAX Real Estate
About 11938 80 Street
LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920’s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry.
Features of 11938 80 Street
| MLS® # | E4384668 |
|---|---|
| Price | $599,900 |
| Bathrooms | 0.00 |
| Acres | 0.00 |
| Year Built | 1991 |
| Type | Multi-Family Commercial |
| Status | Active |
Community Information
| Address | 11938 80 Street |
|---|---|
| Area | Edmonton |
| Subdivision | Eastwood |
| City | Edmonton |
| County | ALBERTA |
| Province | AB |
| Postal Code | T5B 2N7 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Exterior | Vinyl, Wood Frame |
|---|---|
| Construction | Vinyl, Wood Frame |
Additional Information
| Date Listed | April 30th, 2024 |
|---|---|
| Days on Market | 214 |
| Zoning | Zone 05 |
| Foreclosure | No |
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Jeneen L Marchant Of RE/MAX Real Estate |
|---|