Kings Landing (For Sale)

9407 114 Ave, Edmonton

$3499999
Sale Price
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Property Highlights

RE/MAX Commercial Auctions is pleased to present the Online Auction Plus Event for a 23-unit apartment building in Edmonton, AB.

Kings Landing is a 23 unit apartment building with a mix of one-bedroom and bachelor suites. The multi-family building is in close proximity to NAIT, the Royal Alexandria Hospital, and Kingsway Mall. Registered with the crime-free housing initiative, The current owner has done extensive capital improvements (close to a million dollars over 3 years) including; full suite renovations to almost all units, installing security cameras, asbestos remediation, boiler and h/w upgrades, gravelled parking area and more!

  • Cap Rate based on Previously List Price: 5.9%
  • Current NOI: $206,500
  • Extensively renovated in 2019
  • One-bedroom suites are renting between $900 & $1,113, bachelor suites between $800 & $1,200

 

STARTING BID: $1,995,000

BID DEADLINE: JUNE 2ND

For all property information and auction details, please visit the property’s auction website at www.FRE.com/376D20

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