10315 120 AV NW
10315 120 AV NW
Active
$900,000
Description
Over $180K in upgrades and renovations over the past 9 years. 6-Plex on a corner lot (45.7 x 15.2 SQM) with 100% occupancy throughout. Current market rates present an opportunity to increase profit/cap rate by over 30%. Current rents may qualify for CMHC MLI Select financing, though the seller does not accept long-term financing. All tenants are month-to-month. Prime location near NAIT, Royal Alex Hospital, Blatchford, Downtown, and the Future LRT. Major upgrades: New parking/sidewalk, sewer line, boiler, hot water tank, balconies, main doors, mail lockbox, security system, additional storage, and shed. New fridges and some other appliances. Windows re-sealed and framed. Five suites partially renovated, Unit 102 fully renovated. The heating and security systems can be controlled remotely. Current rents: Four 2-bedroom units at $1,100 Two 1-bedroom units at $900. Rents are over 30% below market. Laundry revenue can be increased by over 50%. (id:59938)
Additional Details
- LOT SIZE AREA: 7497
- LOT SIZE DIMENSIONS: 7497
- LOT SIZE UNITS: square feet
- ORIGINAL ENTRY TIMESTAMP: 2025-02-06T01:30:23.8Z
- MODIFICATION TIMESTAMP: 2025-02-06T01:40:57.15Z
- LIST PRICE: 900000
- YEAR BUILT: 1972
- LIVING AREA: 5829
- LIVING AREA UNITS: square feet
- PARKING TOTAL: 9
- PARCEL NUMBER: ZZ999999999
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Features
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30 Years Fixed, 3.5% Interest
- Principle and Interest
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