MULLER REALTY

Business (780) 349-0000

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

$775,000
Multi-Family Commercial

Main Photo: 9811 99 Street: Westlock Multi-Family Commercial for sale : MLS®# E4293158
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4293158
Build. Type:
Multi Tenant/Multi Plex
Rental investment! 6 suite: 4-plex+duplex attached with a breezeway between. Huge suites demand more rent. 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. 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
# Units:
8
Tot Pkg Spaces:
10
# Storeys:
1.0
Year built:
1980 (Age: 42)
Total Floor Area:
2,344 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
R3
Plan:
7520545
Title to Land:
Fee Simple
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:
$23,653
Entry date:
May 12, 2022
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Data was last updated May 19, 2022 at 04:30 AM (UTC)
Trent Muller
Copyright 2022 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.