Courtesy Of Vic Mutti Of Exp Realty
About 10805 85 Ave Ne
MLI Select qualified investment property. Multifamily Apartment Complex Located in Garneau, this is an attractive investment opportunity with 7 (2bed-2bath) units and modern amenities including gym and library. Close to all amenities: University of Alberta, the river valley, Whyte Ave. and more! Includes: laundry in each unit, separate HVAC for each unit, interior and exterior bike racks, upgraded exterior with modern elevation, energy efficient building and more! This property will offer stable cash flow with a strong rental market in this neighborhood and potential for value appreciation. With a current cap rate of 6% and a gross scheduled income of 190k annually, this presents a promising investment prospect for those seeking to capitalize on the thriving Edmonton's real estate market. Currently under permitting and available for possession Mid 2025.
Features of 10805 85 Ave Ne
| MLS® # | E4388464 |
|---|---|
| Price | $2,450,000 |
| Square Footage | 7,600 |
| Acres | 0.00 |
| Year Built | 2024 |
| Type | Multi-Family Commercial |
Community Information
| Address | 10805 85 Ave Ne |
|---|---|
| Area | Edmonton |
| Subdivision | Garneau |
| City | Edmonton |
| Province | AB |
| Postal Code | T6E 2L2 |
Amenities
| Parking Spaces | 1 |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| # of Stories | 3 |
| Has Basement | No |
Exterior
| Construction | Wood Frame, Brick/Masonry |
|---|
Additional Information
| Date Listed | May 21st, 2024 |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Vic Mutti Of Exp Realty |
|---|