10761 97 St NW
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10761 97 St NW
10 Unit Apartment Building $347,133 USD ($34,713 USD/Unit) Edmonton, AB T5H 2M2
Investment Highlights
- Prime Investment opportunity
- Great redevelopment potential
Executive Summary
Prime Investment opportunity to redevelop in the heart of Downtown this 10 unit rooming house can be further used for multiresidential with some upgrades and renos or redevelop to maximize your cash flow.
Financial Summary (Actual - 2023) |
Annual (USD) | Annual Per SF (USD) |
|---|---|---|
| Gross Rental Income |
$35,408
|
$9.62
|
| Other Income |
$1,666
|
$0.45
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$37,074
|
$10.07
|
| Taxes |
$1,818
|
$0.49
|
| Operating Expenses |
$13,885
|
$3.77
|
| Total Expenses |
$15,703
|
$4.27
|
| Net Operating Income |
$21,371
|
$5.81
|
Financial Summary (Actual - 2023)
| Gross Rental Income (USD) | |
|---|---|
| Annual | $35,408 |
| Annual Per SF | $9.62 |
| Other Income (USD) | |
|---|---|
| Annual | $1,666 |
| Annual Per SF | $0.45 |
| Vacancy Loss (USD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (USD) | |
|---|---|
| Annual | $37,074 |
| Annual Per SF | $10.07 |
| Taxes (USD) | |
|---|---|
| Annual | $1,818 |
| Annual Per SF | $0.49 |
| Operating Expenses (USD) | |
|---|---|
| Annual | $13,885 |
| Annual Per SF | $3.77 |
| Total Expenses (USD) | |
|---|---|
| Annual | $15,703 |
| Annual Per SF | $4.27 |
| Net Operating Income (USD) | |
|---|---|
| Annual | $21,371 |
| Annual Per SF | $5.81 |
Property Facts
| Price | $347,133 USD | Building Class | C |
| Price Per Unit | $34,713 USD | Lot Size | 0.06 AC |
| Sale Type | Investment | Building Size | 3,680 SF |
| Sale Conditions | Note Purchase | Average Occupancy | 50% |
| No. Units | 10 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1946 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Apartment Style | Low Rise |
| Price | $347,133 USD |
| Price Per Unit | $34,713 USD |
| Sale Type | Investment |
| Sale Conditions | Note Purchase |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 3,680 SF |
| Average Occupancy | 50% |
| No. Stories | 3 |
| Year Built | 1946 |
| Parking Ratio | 1.42/1,000 SF |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $624.84 USD | 500 |
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Walk Score ®
Walker's Paradise (98)
Transit Score ®
Excellent Transit (74)
Bike Score ®
Very Bikeable (89)
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Remedy Professional Realty
10761 97 St NW
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