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10761 97 St NW 10 Unit Apartment Building $376,177 USD ($37,618 USD/Unit) 13% Cap Rate Edmonton, AB T5H 2M2
Investment Highlights
- Excellent Redevelopment Opportunity
- Central location
- High visibility
Executive Summary
Prime Development Opportunity, 10 unit rooming house, Handyman special, sold as is where is. Excellent redevelopment opportunity in heart of Downtown surrounded by commercial buildings with high visibility and exposure
Financial Summary (Actual - 2025) |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$77,385
|
$21.03
|
| Other Income |
$4,299
|
$1.17
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$81,684
|
$22.20
|
| Taxes |
$2,610
|
$0.71
|
| Operating Expenses |
$17,197
|
$4.67
|
| Total Expenses |
$19,806
|
$5.38
|
| Net Operating Income |
$61,878
|
$16.81
|
Financial Summary (Actual - 2025)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $77,385 |
| Annual Per SF | $21.03 |
| Other Income (USD) | |
|---|---|
| Annual | $4,299 |
| Annual Per SF | $1.17 |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $81,684 |
| Annual Per SF | $22.20 |
| Taxes (USD) | |
|---|---|
| Annual | $2,610 |
| Annual Per SF | $0.71 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $17,197 |
| Annual Per SF | $4.67 |
| Total Expenses (USD) | |
|---|---|
| Annual | $19,806 |
| Annual Per SF | $5.38 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $61,878 |
| Annual Per SF | $16.81 |
Property Facts
| Price | $376,177 USD | Building Class | C |
| Price Per Unit | $37,618 USD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,680 SF |
| Cap Rate | 13% | Average Occupancy | 80% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low-Rise |
| Price | $376,177 USD |
| Price Per Unit | $37,618 USD |
| Sale Type | Investment |
| Cap Rate | 13% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,680 SF |
| Average Occupancy | 80% |
| No. Stories | 3 |
| Year Built | 1946 |
| Parking Ratio | 1.42/1,000 SF |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $644.87 USD | 500 |
1 1
Exceptionally walkable
100/100
Moderately drivable
70/100
Strong public transit
80/100
Moderately bikeable
70/100
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10761 97 St NW
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