Courtesy of Trent B Muller of Exp Realty

9811 99 Street
Westlock Westlock T7P 1Y8

$655,000
Multi-Family Commercial

Main Photo: 9811 99 Street: Westlock Multi-Family Commercial for sale : MLS®# E4407166
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Status:
Active
Prop. Type:
Multi-Family Commercial
MLS® Num:
E4407166
Build. Type:
Freestanding
Great Opportunity!! Rental Investment! New metal standing-seam roof including eavestroughing in 2023. 6-plex with spacious suites. Huge suites demand more rent. 4 suites have approx 1144 sq.ft. per side (2-3 bedroom suites upstairs 2-2 bedroom suites down). 1209 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. Almost always no vacancy. Westlock vacancy rate is very low!
Sale Type:
Asset
Transaction Type:
For Sale
Property Type:
Multi-Family Commercial
Bus Op Since:
1976
Construction:
Wood Frame
Building Type:
Freestanding
# Units:
6
Tot Pkg Spaces:
10
# Storeys:
1.0
Year built:
1981 (Age: 43)
Total Floor Area:
3,495 sq. ft.
Lot Area:
0 sq. ft.
Heating Source:
Natural Gas
Plan:
7520545
Title to Land:
Freehold
Section 1:
32
LINC Number:
0015112353
Services Connected:
Cable, Curb; Gutter, Electricity, Fiber Optics, Natural Gas, Paved Streets, Sanitary Sewer, Sewer - Storm, Street Lighting, Sidewalk, City Water
Water Supply:
Municipal
Sewer Septic:
Municipal/Community
Num. of Parcels:
1
Cap Rate %:
7.5
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:
$49,247
Days On Website:
20 day(s)
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Data was last updated October 8, 2024 at 04:30 PM (UTC)
Trent Muller
Copyright 2024 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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