My Listings

Courtesy of Glenn G Fisher of RE/MAX Real Estate

4727 50 Avenue
Legal Legal T0G 1L0

$230,000
Multi-Family Commercial

Main Photo: 4727 50 Avenue: Legal Multi-Family Commercial for sale : MLS®# E4215954
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4215954
Bus Major:
Other/See Remarks
Build. Type:
Mixed Use
Wonderful investment opportunity here with all the maintenance already done and fully rented with long term tenants in place. Upgrades in the past few years include new boiler, new roof, new upper floor windows, siding, balcony renovations, some plumbing and flooring in the upper floor suites. The main floor has two commercial units presently being leased by a restaurant and insurance company. The upper floor consists of two 2 bedroom apartments which each have in suite laundry and balconies. Located in Legal which is just a short 15 to 20 min drive north of St Albert on Highway 2.
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Major Bus Type:
Other/See Remarks
Construction:
Wood Frame
Building Type:
Mixed Use
# Units:
3
Tot Pkg Spaces:
6
# Storeys:
2.0
Year built:
1976 (Age: 44)
Total Floor Area:
3,853 sq. ft.
Lot Area:
0 sq. ft.
Land Use/Zoning:
C1
Lot Depth:
150'
Lot Frontage:
57'
Plan:
7922640
Title to Land:
Fee Simple
LINC Number:
0012545663
Num. of Parcels:
1
Cap Rate %:
7.0
Gross Operating Income:
$33,128
Other Income:
$0
Effective Gross Income:
$33,128
Net Operating Income:
$16,295
Total Oper. Expenses:
$16,833
Tot Expenses:
$33,128
Days on Mkt:
23
Entry date:
Sep 29, 2020
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Data was last updated October 20, 2020 at 02:30 AM (UTC)
GLENN FISHER
HEATHER MOELLERING
Copyright 2020 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.