TURN KEY 8 Apartment Unit Building For Sale

Multi-Family for Sale
Catylist Listing ID: 30844128
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: 5/25/2023

Overview / Comments

Rare opportunity to own a TURN KEY 8 apartment unit building built in 2015 that is currently FULLY LEASED. 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
Property Condition: Excellent
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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