This property is a very good investment. Premium condition and all 4 suites are rented with good tenants. Rent: Each suite is $1250 per month Gross rent is 5000.00 per month ($60,000) per year Utilities: Natural gas $3800.00 Electricity: $6100.00 Water, Sewer, Garbage: is $3625.00 Property Insurance: $3105.00 Taxes: $4551.41 (2019) Total Expenses = $21,117.00 Net operating income is 38,838.00 These figures are based on current rents. This assumes self management Analysis is based on actual prior 12 months Effective Cap rate is 7.1 Documents on file: Real Property Report and Compliance Certificate Each unit boasts approximately 1105 sqft. of living area. ( Inclues lower area.)
Off Street, On Street, See Remarks
Ceramic Tile, Laminate Flooring, Vinyl Plank
Dryer, Refrigerator, Stove-Electric, Washer
Back Lane, Corner, Flat Site, Not Fenced, Schools, Shopping Nearby
Courtesy Of Lyle Melanchuk Of 2% Realty Edge AB
Courtesy Of Lyle Melanchuk Of 2% Realty Edge AB.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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Listing information last updated on April 8th, 2020 at 11:46pm CDT.