5,200 ft2
$999,999
Rare Investment Opportunity in the Heart of Downtown Edmonton! This fully upgraded and meticulously maintained 21-unit rooming house offers exceptional income potential, with a net annual profit of over $100K. A true standout in the city, the property features secure fob access, coin-operated laundry, four shared bathrooms (two per floor), and a professionally managed tenant base with long-term occupancy averaging 8 years. The basement includes in-floor heating, dedicated storage, a workshop, and an office area. Ownership includes the land, and with significant renovations already completed, this turnkey building is a low-maintenance, high-reward asset for any savvy investor. (id:62055)
Property Details
MLS® Number
|
E4452073 |
Property Type
|
Multi-family |
Neigbourhood
|
Mccauley |
Parking Space Total
|
4 |
Building
Constructed Date
|
1926 |
Size Interior
|
5,200 Ft2 |
Land
Acreage
|
No |
Size Irregular
|
3484.8 |
Size Total
|
3484.8 Sqft |
Size Total Text
|
3484.8 Sqft |