Description
The perfect Investment with an above 7% cap rate. Income is $43,440 per year. Expenses are $14,122 per year. Net income is $29,318 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Opportunity to purchase the property, run the business and practically live for free.
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0BEDS
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N/AACRES
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0BATHS
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01/2 BATHS
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4,236SQFT
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$91$/SQFT
Description
The perfect Investment with an above 7% cap rate. Income is $43,440 per year. Expenses are $14,122 per year. Net income is $29,318 per year. 14 Unit storage units measuring 10' x 20' all with single garage overhead doors. In addition more space to rent out to some trailers. And even more, there is an over 1400 sq ft raised bungalow home with a main floor 3 bedroom rental suite and 2 bedroom basement suite. Rental increases have not been given in several years so there is room to increase the income. Opportunity to purchase the property, run the business and practically live for free.
© 2023 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Trademarks are owned or controlled by the Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA (REALTOR®, REALTORS®) and/or the quality of services they provide (MLS®, Multiple Listing Service®). Data last updated: 2023-09-21T23:36:24.163 UTC.
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