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11507 124 St 23 Unit Apartment Building $2,398,280 USD ($104,273 USD/Unit) 4.79% Cap Rate Edmonton, AB T5M 0K5
Investment Highlights
- Walking distance to transit
- Easy access to downtown
Executive Summary
This is a 2.5 story, wood-frame construction complex. Hot water heating system (replaced approx. 10 years ago) Roof was replaced approx. 10 years ago. Common area upgraded approx. 5 years ago with windows, flooring, light fixtures and paint. Most of the units have been upgraded. 15 have new cabinets. other units have been partially renovated, Brand new bachelor unit. Professionally managed. Some rents can be increased. 23 legal units.
Property Facts Under Contract
| Price | $2,398,280 USD | Apartment Style | Low-Rise |
| Price Per Unit | $104,273 USD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.03 AC |
| Cap Rate | 4.79% | Building Size | 16,038 SF |
| No. Units | 23 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1968 |
| Property Subtype | Apartment | Parking Ratio | 0.94/1,000 SF |
| Zoning | RA8 - Residential | ||
| Price | $2,398,280 USD |
| Price Per Unit | $104,273 USD |
| Sale Type | Investment |
| Cap Rate | 4.79% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.03 AC |
| Building Size | 16,038 SF |
| No. Stories | 3 |
| Year Built | 1968 |
| Parking Ratio | 0.94/1,000 SF |
| Zoning | RA8 - Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
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Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
60/100
Moderately bikeable
70/100
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11507 124 St
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