Courtesy of Trent B Muller of PriceLock Realty

9811 99 Street
None Westlock T7P 1Y8

$775,000
Multi-Family Commercial

Main Photo: 9811 99 Street: Westlock Multi-Family Commercial for sale : MLS®# E4305164
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4305164
Build. Type:
Multi Tenant/Multi Plex
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.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Construction:
Wood Frame
Building Type:
Multi Tenant/Multi Plex, Walk Up
# Units:
6
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:
Jul 17, 2022
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Data was last updated August 8, 2022 at 10:30 PM (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.
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