Courtesy of Trent B Muller of
PriceLock Realty
9811 99 Street
Westlock
T7P 1Y8
$725,000
Multi-Family Commercial
- Status:
- Active
- Prop. Type:
- Multi-Family Commercial
- MLS® Num:
- E4342158
- Build. Type:
- Freestanding
- Photos (50)
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Rental investment! 6-plex with spacious suites. Huge suites demand more rent. 4 suites have approx 1120sq.ft. per side (2-3 bedroom suites upstairs 2-2 bedroom suites down). 1224 sq.ft. up/down suites on the other end of the building. 2 bedroom suite with a dinette + 2 bedroom lower suite. 2 suites have a stacking washer/dryer in the suite. 4 suites share a laundry room in the basement with coin-op laundry. Suites rent at a rate of $875-925 per month each. Landlord pays natural gas and water for the 4 suites, power for the common area. Tenants pay utilities for the up/dn 2 suites on the east end of the building. All constructed by Volzke Construction. Backs onto the Rotary Trail. Very near to the arena, field house, fitness facility known as Westlock Rotary Spirit Centre. Lots of parking on paved rear lot. as of July 2023 this is fully occupied.
- Transaction Type:
- For Sale
- Property Type:
- Multi-Family Commercial
- Construction:
- Wood Frame
- Building Type:
- Freestanding
- # Bldgs:
- 2
- # Units:
- 6
- Tot Pkg Spaces:
- 10
- # Storeys:
- 1.0
- Year built:
- 1981 (Age: 42)
- Total Floor Area:
- 2,344 sq. ft.
- Lot Area:
- 0 sq. ft.
- Land Use/Zoning:
- R3
- Plan:
- 7520545
- Title to Land:
- Freehold
- LINC Number:
- 0015112353
- Num. of Parcels:
- 1
- Cap Rate %:
- 4.1
- Gross Operating Income:
- $72,900
- Other Income:
- $200
- Effective Gross Income:
- $73,100
- Net Operating Income:
- $49,247
- Total Oper. Expenses:
- $23,653
- Tot Expenses:
- $49,247
- Entry date:
- May 25, 2023
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Data was last updated May 29, 2023 at 04:30 PM (UTC)
- GERALD TOSTOWARYK
- Century 21 Urban Realty
- (780) 887-3709
- gerald.tostowaryk@c21.ca
Location
Century 21 Urban Realty
100, 11220 119 St NW
Edmonton, AB T5G 2X3