16 Unit Apartment Building

  • $2,000,000
Featured For Sale
10645 - 95 Street Edmonton, Alberta
  • Property Type
  • Multi-Family
Featured

16 Unit Apartment Building

10645 - 95 Street Edmonton, Alberta
  • $2,000,000

Overview

  • Property Type
  • Multi-Family

Highlights

Property Highlights
    • Built in 1994 this 16 unit apartment building was purpose built as affordable housing.
    • Construction is concrete block with concrete floor systems including in-floor heating and a very simple integrated sink/range combination and a stand alone refrigerator. Each unit has a shower stall of concrete block as well – no heating radiators to repair or tub surrounds to replace.
    • Since construction it has been rented in an agreement with Civida (formerly known as Capital Region Housing Corporation) creating a engine that just chugs along cranking out cashflow. Owner has full discretion about tenant selection, no restrictions on rental increases. Tenants pay 30% of their income towards rent, Civida covers the rest.
    • Recent upgrades include the hot water tank (2019), shingles (2016) and exterior paint (2021).

 

List Price | $2,000,000

 



 

Contact The Listing Agents

 


Chris Davies

 


Chris Davies,
B. Sc., MCNE
VP
| Multi-Family & Investment Sales

OFFICE:    780.757.1010
MOBILE:  780.905.7562
EMAIL:     chris@rcedm.ca

 

 


 


Luke Gervais
Associate | Multi-Family & Investment Sales

OFFICE:   780.757.1010
MOBILE: 403.918.5000
EMAIL:    luke@rcedm.ca

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