Turn Key 8 Unit Apartment Block

Multi-Family for Sale
Catylist Listing ID: 30860897
Property Subtypes: Government Subsidized, Other
Number of Units: 8 Units
Building Size (RSF): 7,600 SF
Gross Land Area: 6,544 SF
Sale Price: $1,499,000
Unit Price: $187,375 Per Unit
Property Use Type: Investment
Sale Terms: Purchase Money Mortgage
Cap Rate: Undisclosed
Last Updated: 11/20/2023

Overview / Comments

3.150% Interest !!! Lender willing to allow qualified buyer to assume the current mortgage!! Rare opportunity to own a TURN KEY 8 apartment unit building built in 2015. The property has been registered under Manitoba Housing and Renewal Corporation Rental Supplement Program, which has allowed the Landlord ZERO VACANCY as it provides the Landlord with covering the rent for a 1 month vacancy if it occurs. Well-maintained building features 4-2 bedroom units, 4-3 bedroom units, laundry facility, and ample onsite parking. Great revenue and additional revenue from laundry facility and rear parking (CURRENT GROSS ANNUAL REVENUE OVER $120,000.00). Solid and detailed construction sparing no expenses. Great features include maintenance free exterior, separate office space + bathroom, surveillance cameras, and much more!

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 14000724000
Zoning: R2
Total Number of Buildings: 1
Property Condition: Excellent
Number of Stories: 1
Year Built: 2015
Construction/Siding: Wood Frame
Parking Type: Surface
Total Parking Spaces: 6
Laundry: Shared

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Photograph of Listing Agent

Apee Panchhi

RE/MAX executives realty
CPIX® Member
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