Real Estate Investment - 22 Unit Apartment Building in Edmonton

10935 83 Street, Edmonton

About This Property               

This recently renovated building, located in a quiet neighbourhood, offers spacious and bright suites with modern appliances and finishes. Residents of Forest Heights enjoy professional on-site management and ample parking.

Who lives at Forest Heights? 

Everyone wants to live here for its easy access to downtown, the hospital, and the North Saskatchewan river.

What neighbourhood amenities can I access nearby? 

Shop close to home with the Kingsway Mall and several grocers just minutes away. Residents will also find banks, pharmacies, and several restaurants and cafés within the area.

Entertainment is easy to find when you visit downtown on the LRT in about 10 minutes, or walk to the Commonwealth Stadium for a concert or sporting event! Surrounded by parks, you'll find playgrounds, nature trails, and even a few golf courses nearby.

Commuters love having bus stops steps away, and the quick 5 minute walk to the Stadium LRT station.

FOREST HEIGHTS

• Year Built: 1968
• Number of Units: 22
• Number of Stories: 2.5
• Unit Mix:
  • 4 x Bachelor
  • 12 x 1 Bedroom
  • 6 x 2 Bedroom

Asking Price $2,332,000

Gross Annual Income: $236,880

Expenses:  $111,309

Net Operating Income: $125,571