MULLER REALTY

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Toll Free 1-855-349-0097

Email: info@mullerrealty.ca

Our Agents' Listings

Courtesy of Trent B Muller of Muller Realty Inc

9811 99 Street
Westlock Westlock T7P 1Y8

$1,200,000
Multi-Family Commercial

Main Photo: 9811 99 Street: Westlock Multi-Family Commercial for sale : MLS®# E4235432
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4235432
Build. Type:
Multi Tenant/Multi Plex
Rental investment! 8 suite: 4-plex+duplex attached with a breezeway between, plus another huge side by side duplex. 4-plex is approx 1120sq.ft. per side 2-2 bedroom suites upstairs 2-2 bedroom suites down. 1224 sq.ft. up/down duplex. 2 bedroom suite with a flex room. 2 bedroom suite with a mechanical room. 2 suites have a stacking washer/dryer in the suite. 4-plex has a laundry room in the basement with coin-op laundry. Suites rent for $850-925 per month each. Landlord pays natural gas and water for the 4-plex, power for the common area. Tenants pay utilities for the up/dn duplex. Side by side duplex is is 2240 sq ft (1120/side)and brings in $20700 per annum. 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. These suites are large and demand higher rents.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex, Walk Up
# Bldgs:
2
# Units:
8
Tot Pkg Spaces:
10
# Storeys:
1.0
Year built:
1980 (Age: 41)
Total Floor Area:
2,344 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
R3 & R1
Lot Depth:
120'
Lot Frontage:
234'
Heating Source:
Natural Gas
Plan:
7520545
Title to Land:
Fee Simple
LINC Number:
0015112353
Playground Nearby, Shopping Nearby, No Back Lane, Schools, See Remarks
Power Type:
Single Phase
Num. of Parcels:
2
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:
$23,653
Entry date:
Mar 30, 2021
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Data was last updated April 22, 2021 at 12:30 PM (UTC)
Trent Muller
Copyright 2021 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.