FOR SALE - Royal Park Realty
FOR SALE MULTIFAMILY/INVESTMENT 18240-84 Avenue, Edmonton, AB
HIGHLIGHTS • • • • • • • •
Large open suites mainly 2 bedroom with a beautiful design High traffic location close to West Edmonton Mall Fully occupied with zero vacancy Close to public transportation Recently renovated hallways and suites 35 separate titles Great investment opportunity and cap rate. Suite Mix: 27 two bedroom, 5 one bedroom, 3 two bedroom + den
CONTACT STEVEN BHARDWAJ Associate T 780.964.1860 [email protected] ANTON MORGULIS Director, Associate Broker T 780.423.7576 C 780.233.5662 [email protected] MARCUS SCHWABE Associate T 780.423.7577 C 780.991.7539 [email protected]
T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
PROPERTY DETAILS ADDRESS
18240-84 Avenue
LEGAL
Condominium plan #8322608; Units 1-35
TYPE OF SPACE
Multifamily (Low rise Apartment Building)
CONSTRUCTED
1977
SITE AREA
1.34 acres (+/-)
ZONING
RA7
FINANCIALS ASKING PRICE
$5,750,000.00
TAX
$35,870.35
ADDITIONAL INFO • Wood frame 3 story low rise. • 35 suites: • 5 one bedroom • 27 two bedroom units • 3 two bedroom plus a den • All units have a fridge, stove and dishwasher • Parking • Allocated (55 in total) • Additional on street parking
T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
PARKWOOD APARTMENTS INCOME AND EXPENSES SUITES
PROJECTED RENT
2 BEDROOM
27
$1200
2+ DEN
3
$1300
1 BEDROOM
5
$1000
TOTAL REVENUE (STABILIZED)
35 MONTHLY
YEARLY
$41,300.00
$495,600.00
OTHER INCOME @ 35 PER SUITE (INCLUDES EXTRA PARKING/ LAUNDRY)
$700.00
$8,400.00
LESS VACANCY AND COLLECTION LOSS @ 2%
$826.00
$9,912.00
GROSS REVENUE
EXTRA PARKING EFFECTIVE GROSS INCOME
EXPENSES ( ESTIMATED)
$494,088.00
MONTHLY
YEARLY
PER UNIT
$3,000.00
$36,000.00
$1,029.00
$566.67
$6,800.00
$194.00
UTILITIES
$3,583.33
$43,000.00
$1,229.00
REPAIRS/MAINTENANCE
$2,500.00
$30,000.00
$857.00
CARETAKERS WAGE
$1,166.67
$14,000.00
$400.00
MANAGEMENT FEE
$1,233.33
$14,800.00
$423.00
ADVERTISING
$416.67
$5,000.00
$143.00
MISCELLANEOUS
$666.67
$8,000.00
$229.00
TOTAL EXPENSES
$13,133.33
$157,600.00
PROPERTY TAXES INSURANCE
TOTAL EXPENSES PER UNIT/PER YEAR NET INCOME ASKING PRICE CAP RATE
$4,502.86 $336,488.00 $5,750,000.00 5.9% T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
ADDITIONAL PICTURES
T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
UNIT LAYOUT ONE BEDROOM
TWO BEDROOM PLUS DEN
TWO BEDROOM
TWO BEDROOM
PROPERTY LOCATION
SITE 84 AVENUE 184 STREET T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
HIGHLIGHTS • • • • • • • •
Large open suites mainly 2 bedroom with a beautiful design High traffic location close to West Edmonton Mall Fully occupied with zero vacancy Close to public transportation Recently renovated hallways and suites 35 separate titles Great investment opportunity and cap rate. Suite Mix: 27 two bedroom, 5 one bedroom, 3 two bedroom + den
CONTACT STEVEN BHARDWAJ Associate T 780.964.1860 [email protected] ANTON MORGULIS Director, Associate Broker T 780.423.7576 C 780.233.5662 [email protected] MARCUS SCHWABE Associate T 780.423.7577 C 780.991.7539 [email protected]
T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
PROPERTY DETAILS ADDRESS
18240-84 Avenue
LEGAL
Condominium plan #8322608; Units 1-35
TYPE OF SPACE
Multifamily (Low rise Apartment Building)
CONSTRUCTED
1977
SITE AREA
1.34 acres (+/-)
ZONING
RA7
FINANCIALS ASKING PRICE
$5,750,000.00
TAX
$35,870.35
ADDITIONAL INFO • Wood frame 3 story low rise. • 35 suites: • 5 one bedroom • 27 two bedroom units • 3 two bedroom plus a den • All units have a fridge, stove and dishwasher • Parking • Allocated (55 in total) • Additional on street parking
T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
PARKWOOD APARTMENTS INCOME AND EXPENSES SUITES
PROJECTED RENT
2 BEDROOM
27
$1200
2+ DEN
3
$1300
1 BEDROOM
5
$1000
TOTAL REVENUE (STABILIZED)
35 MONTHLY
YEARLY
$41,300.00
$495,600.00
OTHER INCOME @ 35 PER SUITE (INCLUDES EXTRA PARKING/ LAUNDRY)
$700.00
$8,400.00
LESS VACANCY AND COLLECTION LOSS @ 2%
$826.00
$9,912.00
GROSS REVENUE
EXTRA PARKING EFFECTIVE GROSS INCOME
EXPENSES ( ESTIMATED)
$494,088.00
MONTHLY
YEARLY
PER UNIT
$3,000.00
$36,000.00
$1,029.00
$566.67
$6,800.00
$194.00
UTILITIES
$3,583.33
$43,000.00
$1,229.00
REPAIRS/MAINTENANCE
$2,500.00
$30,000.00
$857.00
CARETAKERS WAGE
$1,166.67
$14,000.00
$400.00
MANAGEMENT FEE
$1,233.33
$14,800.00
$423.00
ADVERTISING
$416.67
$5,000.00
$143.00
MISCELLANEOUS
$666.67
$8,000.00
$229.00
TOTAL EXPENSES
$13,133.33
$157,600.00
PROPERTY TAXES INSURANCE
TOTAL EXPENSES PER UNIT/PER YEAR NET INCOME ASKING PRICE CAP RATE
$4,502.86 $336,488.00 $5,750,000.00 5.9% T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
ADDITIONAL PICTURES
T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
UNIT LAYOUT ONE BEDROOM
TWO BEDROOM PLUS DEN
TWO BEDROOM
TWO BEDROOM
PROPERTY LOCATION
SITE 84 AVENUE 184 STREET T 780.448.0800 F 780.426.3007 8806 92 Street NW Edmonton, AB T6C 3R1
royalparkrealty.com The information contained herein is believed to be correct, however does not form part of any future contract. The offering may be withdrawn at any time without notice or cause.
