21 Condos Fully Rented

Multi-Family for Sale
Catylist Listing ID: 30396777
Number of Units: 21 Units
Building Size (RSF): 28,380 SF
Gross Building Area: See Agent
Gross Land Area: 6 - 8 SF
Sale Price: $4,300,000
Unit Price: $204,761.90 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 3/22/2019

Overview / Comments

Bank is motivated and wants them sold. Bank wants to sell the remaining units in this 340 unit condo complex in as a bulk sale. Newer (2017) 21 town house style condo units in a 28 unit building (7 owner occupied) fully rented. The suites are all big 3 Br 3 bath town homes 1315 & 1400 sq ft. These are fully loaded and look very impressive to the tenants, some extras include; island kitchens, quartz counters, 6 whirlpool appliances, ceramic tile, custom lighting, flooring etc. Each suite includes an assigned parking stall. Ideally located near schools, transportation, shopping etc., these hard to find 3 BRs will always be in demand. 21 individual titles allows for simple & profitable flexibility in the future. Each of these town homes were quickly leased with good quality tenants, for an average rent of $1395-$1495 per month This is a nice new easy turnkey investment with great management in place.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 4C
Zoning: MF
Percent Occupied: 95%
Community Amenities: Play Ground, On-Site Maintenance
Total Number of Buildings: 19
Property Condition: Excellent
Number of Stories: 3
Year Built: 2017
Parking Type: Surface
Total Parking Spaces: 21
Laundry: In Each Unit
Heat Type: Geothermal
Heat Source: Central
Air Conditioning: Other
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Garry Hirsch

Century 21 Carrie.com
CPIX® Member
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