Courtesy Of Jeneen L Marchant Of RE/MAX Real Estate

11938 80 Street, Edmonton, AB

$599,900

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About 11938 80 Street

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 Street

MLS® # E4384668
Price $599,900
Bathrooms 0.00
Acres 0.00
Year Built 1991
Type Multi-Family Commercial
Status Active

Community Information

Address 11938 80 Street
Area Edmonton
Subdivision Eastwood
City Edmonton
County ALBERTA
Province AB
Postal Code T5B 2N7

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Exterior Vinyl, Wood Frame
Construction Vinyl, Wood Frame

Additional Information

Date Listed April 30th, 2024
Days on Market 210
Zoning Zone 05
Foreclosure No
RE / Bank Owned No

Listing Details

OfficeCourtesy Of Jeneen L Marchant Of RE/MAX Real Estate

Listing Map