Real Estate Investment:  Suited Duplex - 10341/10343 161 St., Edmonton

About This Property                               

Investors! Look no further. Check out this beautiful, bright and spacious half duplex, with a suited basement! Both units include separate in-suite laundry, with neutral tones throughout, to coordinate with any decor you may have! Both units up & down are equipped with open concept kitchens and plenty of room to entertain family & friends. The next door half duplex at 10343 is the exact mirror image of this beauty. 

Typical tenant - Property will attract strong middle class tenant profile.

Location - Close to major transportation routes, shopping, and walking distance to elementary school. Also walking distance to upcoming LRT.

Overall condition - Newer property in new condition.

Bonus value - The suite can easily be legalized to add value. Proximity to LRT will drive land values going forward. Separate laundry up and down.

Buyer’s expectations - Turnkey property means it is rent ready for quality tenants

Features

  • Built in 2015
  • 1,271 SQFT each side
  • 5 Bed 3 Bath each side

Asking Price: $799,000

Initial Cash Required: $160,000

Monthly Cash Flow: $611

Annual ROI: 23%

Profit After 10 Years:  $413,000

   

 

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