Property Details

Address: 14101 - 118 Avenue, Edmonton, AB
Status: For Sale
Price: $647,500
Price Per Door: $161,875
No. of Units: 4
Cap Rate: 4.02%

Sunrise Apartment Complex consists of two completely independent 4 Plexes located in the Woodcroft neighbourhood. This low-density location is near transit, shopping malls, River valley, and major arterial roads.

This building was built in 1972, it contains one 1-bedroom suite and three 2-bedroom suites. It has an upgraded boiler, hot water tank, and it has 25-year shingles that were changed eight years ago. Unit A has new cabinetry, flooring, and paint. Unit B has new cabinetry and paint as well as a new stove and fridge. Unit C has new flooring and paint, as well as a new stove. Unit D has new flooring and paint, as well as a new stove. Three out of the four bathrooms have brand new tubs/showers, toilets, and plumbing fixtures.

This building has shared laundry with a new coin-operated washer and dryer. It is one and a half stories with wood frame construction. The parking for both buildings has nine stalls of gravel, surface parking with new electric service. The 0.7 acre lot that contains both buildings has large grassy areas, shared patio space, and a storage shed for the caretaker. Both buildings are easy to manage with the suites being occupied by long-term tenants.

This building is part of the Sunrise Apartments Portfolio, building can be sold together or separately.

Interested in this Property?

Contact the David G. Parker Team Today