11826 83 St Nw, Edmonton, Alberta T5B 2Z3

Own Pine Manor with 7.93% Stabilized Cap Rate. Exist CMHC Mortgage MUST BE ASSUMED. It's a 15 suite 2.5 storey walk-up building at 11826 - 83 Street in NE Edmonton, in the Eastwood neighbourhood. It has an excellent mix of 6 One BR suites and 9 Two BR suites to maximize your rental income and keep vacancies low. Rents were raised this year plus room for additional rent increases. Newer vinyl window in some suites and there are a total of 10 balconies plus 15 energized paved parking spots for the tenants. Coin-op laundry machines (leased), newer hot water tank, and 3 interior storage rooms, plus an ext. storage shed round out this package. LED lights have been provided in all common areas and the building meets all fire code updates. The property is a great location for tenants as it is close to bus routes, grocery stores, services and other amenities. An experienced on-site caretaker and Prof. Prop Mgr look after the building for a hands free ownership experience. See REALTOR'S website for more details. (id:27476)

For sale is Pine Manor, a property with 15 parking spaces and a 7.39% Stabilized Cap Rate. Situated at 11826 - 83 Street in NE Edmonton, in the Eastwood neighbourhood, this 2.5 storey walk-up wood frame building consists of 15 suites. The property offers a mix of 6 One BR suites and 9 Two BR suites, ensuring a steady rental income and minimal vacancies. Rent increases have already been implemented this year, with potential for further increases. Some suites feature newer vinyl windows, and there are a total of 10 balconies and 15 energized paved parking spots for tenants. Additionally, there are coin-op laundry machines (leased), a newer hot water tank, 3 interior storage rooms, and an exterior storage shed. LED lights have been installed in all common areas, and the building is up to date with fire code updates. The property's location is convenient for tenants, with close proximity to bus routes, grocery stores, services, and other amenities. The building is managed by an experienced on-site caretaker and professional property manager, providing a hands-free ownership experience. More details can be found on the REALTOR'S website. (id:27476).

The property boasts a land size of 15014 sqft and is located at 11826 83 ST NW in the city of Edmonton, Alberta. The postal code for this property is T5B2Z3.