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11507 124 St 23 Unit Apartment Building $3,335,000 CAD ($145,000 CAD/Unit) 4.79% Cap Rate Edmonton, AB T5M 0K5
INVESTMENT HIGHLIGHTS
- Walking distance to transit
- Easy access to downtown
EXECUTIVE SUMMARY
This is a 2.5 story, wood-frame construction complex. Hot water heating system (replaced approx. 10 years ago) Roof was replaced approx. 10 years ago. Common area upgraded approx. 5 years ago with windows, flooring, light fixtures and paint. Most of the units have been upgraded. 15 have new cabinets. other units have been partially renovated, Brand new bachelor unit. Professionally managed. Some rents can be increased. 23 legal units.
PROPERTY FACTS
| Price | $3,335,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $145,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 4.79% | Building Size | 16,038 SF |
| No. Units | 23 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Zoning | RA8 - Residential | ||
| Price | $3,335,000 CAD |
| Price Per Unit | $145,000 CAD |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 16,038 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | RA8 - Residential |
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Walk Score®
Very Walkable (79)
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11507 124 St
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