We are excited to present a new investment opportunity for our buy-and-hold and multi-family investors. This 6-plex multifamily property in Eastwood offers great potential for those looking to expand their portfolio with a value-add opportunity for an astounding price of $480,000!!

Property Details:

• Address: 8207 121 Ave, Edmonton
• Building Type: Multi Tenant/Multi Plex
• Lot Size: 640 m² (6,889 ft²)
• Lot Dimensions: 50 x 140
• Floors: 3
• Price: $480,000
• Units: 6 (1: 1BR unit; 5: 2BR units)
• Zoning: RA7
• Year Built: 1972
• Lot Frontage: 140 ft
• Note: Needs renovations, units can be rented for $1,350/month after renovations

Property Highlights:

• Large Corner Lot: Positioned on a substantial corner lot, offering flexibility for future development.
• Renovation Opportunity: The property requires renovations, presenting an excellent opportunity to add value. After renovations, units can achieve rental rates of $1,350/month.
• Development Potential: Investors have the option to fix up the current multiunit or demolish and build a larger multifamily building.
• Safety and Compliance: The building has had asbestos recently removed. Please note, there was a small fire inside one of the units, and the property needs a buyer experienced in remodeling.

Visuals:

• Link to BEFORE PHOTOS: HERE
• Link to AFTER PHOTOS: HERE

This property is a prime opportunity for investors looking to take on a project with significant upside potential in a growing area. Don’t miss out on this chance to secure a valuable asset at an attractive price.

For more details or to arrange a viewing, please contact me directly by responding to this email!

All the best,