12436 75 ST NW, Edmonton, Alberta, T5B2C2 Edmonton AB CA

Fantastic investment property or perfect home for a large family in Elmwood Park. Less than 15 minutes from downtown. 7 Bedrooms, 3 full bathrooms and 3 kitchens including a legal 2 bedroom suite in the basement. Substantial renovations to the property include New windows, flooring throughout, new kitchen/bath on the main floor, and a renovated basement suite. Main and upper level are currently vacant but were bringing in $1700 per month in rent, and the basement is currently rented for $950 per month. Total income was $2,650 per month with tenants splitting the utilities. You could live upstairs with 4 bedrooms and 2 full baths and continue renting out the basement, or rent the whole thing out for a healthy cashflow of about $600 per month with 20% down and a 6% interest 25 year amortization mortgage. (Imagine what it would be once rates go down). The house could benefit from some fresh paint, new shingles and new high efficiency furnaces... but even as is offers excellent value for the dollar! (id:1937) Find out more about this property. Request details here