Courtesy Of Jeneen Marchant Of RE/MAX Real Estate

11938 80 St Nw, Edmonton, AB

$599,900

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4,284

Square feet

About 11938 80 St Nw

LIVE IN ONE UNIT AND RENT THE OTHER 4 TO LIVE FOR FREE, OR BUY AS A TURN KEY INVESTMENT! What a unique opportunity with a current CAP rate of 4.85% with a rental increase starting January 2025, and and a future stabilizd CAP rate of 6.58%+! This property has 5 suites, one of which is a full renovated house with a finished basement that was originally built in the 1920’s, and then in 1991 a 4 unit building was added onto it! The current owners have done major renovations including: flooring, bathrooms & kitchen upgrades in 4/5 units, replacing all cast iron sewage pipes in 2024, and the roof, boiler and windows were replaced in 2014. All long term 3+ year tenants that would like to stay. All units have 3 bedrooms, a full bathroom, and their own laundry.

Features of 11938 80 St Nw

MLS® # E4384668
Price $599,900
Square Footage 4,284
Acres 0.00
Year Built 1991
Type Multi-Family Commercial

Community Information

Address 11938 80 St Nw
Area Edmonton
Subdivision Eastwood
City Edmonton
Province AB
Postal Code T5B 2N7

Amenities

Parking Spaces 5
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 3
Has Basement No

Exterior

Construction Wood Frame

Additional Information

Date Listed April 30th, 2024
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Jeneen Marchant Of RE/MAX Real Estate

Listing Map