Multi Family 5 Suites

Multi-Family for Sale
Catylist Listing ID: 30751367
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 5 Units
Building Size (RSF): 2,345 SF
Gross Building Area: See Agent
Gross Land Area: 3,485 SF
Sale Price: $310,000
Unit Price: $62,000 Per Unit
Property Use Type: Investment
Sale Terms: Undisclosed
Cap Rate: 9.0%
Average Occupancy Rate: 100
Last Updated: 5/7/2022

Overview / Comments

Excellent investment opportunity with excellent return. Close to HSC, Manitoba Clinic & U of W. Three storey. 5 suites. 3 Bachelor, 1 1BR 1 2BR All units have full kitchen. 1BR apartments share bathroom. Registered with Residential Tenancy Board. Many upgrades include roof & eves in 2020, knob & tube wiring removed in 2018, bathroom remodelled in 2019 .
.All apartments fully leased & on annual leases.

Financials

Finance Data Year 2020
Real Estate Taxes - Annual($) $3,115 (Annual)
Gross Operating Income $45,422 (Annual)
Net Operating Income $28,785 (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 & Ellice Avenues
Property Condition: Fair
Number of Stories: 3
Year Built: 1907
Roof Type: Gable
Construction/Siding: Wood Frame, Wood Siding
Laundry: Shared
Heat Type: Natural Gas, Hot Water
Heat Source: Central
Fuel: Gas
Zoning Description: RM
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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