Multi Family 5 Suites 9 Cap Rate

Multi-Family for Sale
Catylist Listing ID: 30751367
Number of Units: 5 Units
Building Size (RSF): 2,345 SF
Gross Building Area: See Agent
Gross Land Area: 3,485 SF
Sale Price: $330,000
Unit Price: $66,000 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 9/2/2021

Overview / Comments

Excellent investment opportunity with 9 CAP . Close to HSC & U of W. Three storey. 5 suites Registered as a rooming house. 4 registered with Residential Tenancy Board. 2 suites with private bathroom 3 share a bathroom. Many upgrades include roof & eves in 2020, knob & tube wiring removed in 2018, bathroom remodelled in 2019 .
Net income 2020 $29,385 before taxes & debt service. Main floor suite with bathroom currently occupied by owner. Move in and collect the rent or owner may stay on at rent indicated on income & expense statement.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $3,115 (Annual)
Potential Rental Income $44,222 (Annual)
Net Operating Income $29,385 (Annual)
Actual or Proforma Year Actual

Additional Details

Nearest MSA: Winnipeg
Market: Division No. 11
Tax ID/APN: 13041157000
Zoning: RM
Percent Occupied: 100%
Property Located Between: Sargent & Wellington Streets
Property Condition: Fair
Number of Stories: 3
Year Built: 1907
Construction/Siding: Wood Frame, Wood Siding
Laundry: Shared
Heat Type: Natural Gas, Hot Water
Heat Source: Central
Fuel: Gas
Lot Frontage: 33
Lot Depth: 106
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lot 200 LBP171 71 ST JA

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Contact

Photograph of Listing Agent

Lorne Weiss (TRC), CIPS

Century 21 Bachman & Assoc.
CPIX® Member
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