10805 85 Ave Ne Edmonton, Alberta T6E 2L2

7600 sqft


MLI Select qualified investment property. Multifamily Apartment Complex Located in Garneau, this is an attractive investment opportunity with 7 (2bed-2bath) units and modern amenities including gym and library. Close to all amenities: University of Alberta, the river valley, Whyte Ave. and more! Includes: laundry in each unit, separate HVAC for each unit, interior and exterior bike racks, upgraded exterior with modern elevation, energy efficient building and more! This property will offer stable cash flow with a strong rental market in this neighborhood and potential for value appreciation. With a current cap rate of 6% and a gross scheduled income of 190k annually, this presents a promising investment prospect for those seeking to capitalize on the thriving Edmonton's real estate market. Currently under permitting and available for possession Mid 2025. (id:42336)

Property Details

MLS® Number E4388464
Property Type Multi-family
Neigbourhood Garneau
Parking Space Total 1


Constructed Date 2024
Size Interior 7600 Sqft


Acreage No
Size Irregular 4346
Size Total 4346 Sqft
Size Total Text 4346 Sqft



Contact us for more information

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Vic S. Mutti

(780) 240-9018

Exp Realty
1400-10665 Jasper Ave Nw
Edmonton, Alberta T5J 3S9

(403) 262-7653

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