11830 101 St Nw, Edmonton, Alberta T5G 2G3

Assumable Mortgage @ 2.64% | Creative financing will be considered | Prime investment opportunity! This 15-suite multi-family apartment complex, walking distance from NAIT, offers a mix of 3 bachelor, 10 one-bedroom, and 2 two-bedroom suites. Notable upgrades: fixed foundation in 2009, a new boiler system in 2016, resurfaced parking lot in 2010, and suite renovations. All suites are separately metered, easing management. Despite excellent location and amenities, current rents are below market - a clear avenue for income growth. Grab this chance to enrich your portfolio with a property in a high-demand area. All proposals are welcome. *Please do not approach tenants* (id:27476)

With a total of 15 parking spaces, this property presents an excellent investment opportunity with the option of assuming a mortgage at a low rate of 2.64% or considering creative financing. The multi-family apartment complex, comprising 15 suites, is conveniently situated within walking distance of NAIT. The suites consist of 3 bachelor, 10 one-bedroom, and 2 two-bedroom units, offering a diverse range of options for potential tenants.

Noteworthy upgrades to the property include a fixed foundation in 2009, a new boiler system in 2016, a resurfaced parking lot in 2010, and renovations to the individual suites. Each suite is separately metered, which simplifies the management process. Despite its prime location and attractive amenities, the current rental rates are below market value, presenting a clear opportunity for income growth. This property is a high-demand area, making it an ideal addition to any investment portfolio. All proposals are welcome, although it is important to note that approaching the current tenants is not permitted.

For sale, this property boasts a land size of 14983 sqft and is located at 11830 101 ST NW in the city of Edmonton, Alberta. The postal code for this property is T5G2G3.