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7711 101 Avenue - INVESTORS wanted...Rock Solid building & location in very desirable FOREST HEIGHTS which makes renting very easy. IMAGINE 12 BDRMS, 4 KITCHENS,4 BATHS, 4 LIVING RM & 4 LAUNDRY RMS! Notoriously low vacancy rates in Forest Heights. Just walk to Edmontons River Valley Trails, Capilano Ravine out front, on major bus route to Downtown, UOFA, just off Gretzky Drive, close to many schools, local shopping Capilano and Bonnie Doone Malls (WALMART, SAFEWAYS, WINNERS, SECOND CUP, TIM HORTONS, STARBUCKS...). 4 well laid out units including 3 bdrms in each unit-sold with 4 STOVES, 4 FRIDGES, 4 WASHER, 4 DRYERS. Heating system has efficient newer COMMERCIAL BOILER (2015)- Each tenant pays own power bill and each unit has separate power meter and 4 designated front entries (shared side entries). Building is selling well below City of Edmonton Assessed Value ($727,000). Fully rented which brings $3900 monthly. A TURN KEY INVESTMENT in prime FOREST HEIGHTS location!

Property Details

  • ID: E4106478
  • Year Built: 1960
  • New Construction: No
  • Property ID: 101315793
  • Status: Active
  • Neighbourhood: Forest Heights_Edmo
  • Style: Multi-Family
  • Storeys: 0

Features

Other Storeys - 1, Legal Plan - 3899Hw, Legal Lot - 18, Legal Block - 12, Land Use - Forest Heights_Edmo, Land Sq Meter - 0, Land Size SF - 631, Land Hectares - 0
Listed By Mirella Esposito and Mirella Esposito of CENTURY 21 Masters