For Sale · Multifamily

11211 96A Street, Grande Prairie

11211 96A Street, Grande Prairie, AB T8V2B1

$364,900 total

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Asset Class

Multifamily

Size

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Building class

B

Zoning

RA9 — High Rise

$ / SF

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Occupancy

87%

Year Built

1967

Lot Size

0.1487603305785124 ac

About this property

Turn-key property with a legal basement suite and massive pull-through garage! This well-maintained home offers an excellent opportunity for homeowners and investors alike. The legal basement suite has been recently renovated and features new egress windows, modern finishes, and a bright, functional layout.Major improvements include a newer roof, fresh paint, new exterior doors, and numerous updates throughout the property. Outside, you'll appreciate the exceptional parking options with a long concrete front driveway, paved rear driveway, and a huge detached pull-through garage that's perfect for vehicles, RV storage, projects, or additional workspace.Situated on a mature lot with beautiful established trees, this property also features a charming storage shed and plenty of outdoor space to enjoy. Whether you're looking for a home with rental income potential or a solid investment property, this one checks all the boxes. (id:66811)

Financial sandbox

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Estimate
Purchase price$365K
Down payment30% · $109K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$14K

Annual cash flow

$-6K

Cash-on-cash

-5.84%

DSCR

0.68

Going-in cap

3.79%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

89,312

Households

36,801

Median income

$133,500

Median age

38.5

Daytime population

101,870

5-yr growth

6%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 11211 96A Street, Grande Prairie.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.