Real Estate Investment:  Suited Duplex in Edmonton - 11819/21 40 Street

About This Property                                                               

Location: The property is situated on a quiet street with walking distance to many amenities.

Tenant Profile: Working class tenants and families.

Buyer’s Expectations: This property will attract the top tier of tenants in the community with the updated units and will be a solid long term buy and hold.

Bonus Value: The property has the ability to be legalized to add value! Property Manager has been managing this building for over 10 years.

Condition: Property has been renovated a few years ago with modern and clean finishing’s. Many of the major components have been updated. Windows, shingles, siding, eaves and more.

Features

  • Built in 1962
  • 1,838 SQFT
  • Bedrooms: 3 Up / 2 Down
  • Bathrooms: 1 Full per suite

Asking Price: $529,900

Initial Cash Required: $113,180

Monthly Cash Flow: $1,009

Annual ROI: 31%

Profit after 10 Years: $360,000

   

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