10703 98 St Nw Ne, Edmonton, Alberta T5H 2N8

Ideal investment opportunity at 7.25% Cap. This commercial mixed use rooming house provides steady income stream with long term tenants in place. The building was completely renovated in 2001 right down to the studs with new plumbing, electrical and roofing. More recent upgrades includes LED lighting throughout, high-efficient hot water tank for residential supply. The building consist of 16 studio units. each floor has two common bathroom, a shower room and common kitchen. Two main floor commercial leases expires 2027. (id:27476)

This property offers a total of 3 parking spaces, making it an attractive investment opportunity with a 7.25% Cap rate. It is a commercial mixed-use rooming house that generates a steady income from long-term tenants. The building underwent a complete renovation in 2001, including new plumbing, electrical, and roofing. Recent upgrades include LED lighting and a high-efficient hot water tank for residential use. The property consists of 16 studio units, each floor featuring two common bathrooms, a shower room, and a common kitchen. Additionally, two main floor commercial leases are in place until 2027.

Currently, this property is available for sale and offers a land size of 3300 sqft. It is situated on 10703 98 ST NW NE in the city of Edmonton, Alberta, with a postal code of T5H2N8.