Edmonton, Alberta

7805458888

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$2.2m High-end Multi-family 3plex 7-units

14807 99 Ave NW, Edmonton, AB T5N 0H7, Canada
$2,200,000

Description

Price $2.2m. Multi-family Investors – this is your time to upgrade your rental portfolio!! Own a High-end “Crestwood” community a 7 units – 3plex Townhouse. This brand new “3plex townhouse” with legal suites make total of “3 up + 3 down units + 1 garage suite”. Upper unit each has 3 beds, 2.5 baths. Lower unit each has 1 bed, 1 bath and a Den. Garage suite has a 2 beds, 1 bath. The property is projected to generate approximately $156,600 in annual gross rent and cap rate of 4.65%. Fully finished and equipped with all appliances and landscaping. Currently DP stage and estimated completion at the end of 2025.

Projected Financing:
  • Monthly rent: $ 13,050 (7 units)
  • Vacancy rate: 4.5%
  • EGI: $149,553
  • Total Expenses: 32%
  • Cap rate: 4.65%
  • NOI: $102,295.94
  • Mortgage loan: $1,925,828.39 @ 4.25%
  • LTV: 88%

 

  • Address: 14807 99 Ave NW
  • City: Edmonton
  • State/county: Alberta
  • Neighborhood: Crestwood
  • Country: Canada

Detail

Updated on February 3, 2025 at 2:08 pm

  • Price: $2,200,000
  • Property Size: 4283.96 Sq Ft
  • Year Built: 2025
  • Property Type: Multi Family Home

Additional details

  • Gross rent: 156,600
  • Cap rate: 4.65%
  • Builder: Structerra Homes