A low-rise apartment building in the Queen Mary Park neighbourhood has sold for $2.3 million, JLL reports.
Hudson Manor was built in 1972 and consists of 20 recently renovated suites. There are 17 one-bedroom units and three two-bedroom suites. The property is situated on a 22,491-square-foot lot and has a net operating income of $118,783. Average rent on the suites is $862.
The property is located at 11503 109 Ave., Edmonton.
Breakdown:
Price: 2,300,000
No. of Units: 20
Price/Unit: $115,000
Lot Size: 22,491 SF
Property Type: Multi-family
Zoning: RA7
City: Edmonton
Province: Alberta
Name of Brokerage: JLL Canada
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