2 Triplex and a 4-plex For Sale

Multi-Family for Sale
Sale Pending
Catylist Listing ID: 30758530
Property Subtypes: Duplex/Fourplex
Status: Pending
Number of Units: 10 Units
Building Size (RSF): 1,250 SF
Gross Building Area: See Agent
Gross Land Area: 7,700 - 15,000 SF
Sale Price: $1,800,000
Unit Price: $180,000 Per Unit
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 11/30/2021

Overview / Comments

Three Multi-family buildings for sale in Southwest Manitoba! Great opportunity for investors to build equity AND cash flow with a 6% cap rate. 24 & 28 Fourth Ave W, Souris are triplexes w/ 2 beds 2 baths, each rented for $1250/month. The buildings are bungalows designed for functionality, and everything is one level. Fantastic kitchen with plenty of cupboard space, an island, skylights, and a walk-in pantry. Front bedroom with carpet flooring. Additional bedroom in the hall, with a 4pc bathroom, and a laundry room. Insulated double attached garage (19x19). Utilities include HWT, HRV, 100-amp panel, baseboard heat. Close to shopping, restaurants, parks, and points of interest such as the Souris Pedestrian Suspension Bridge and Hillcrest Museum. 216 Queen St, Hartney is a 4-plex with 2 beds, each rented for $1350/month. Baseboard heating. Single attached garage. Close to schools, health center, and a grain elevator. Please see attachments and media for the link to the other properties being sold as a package.

Additional Details

Submarket/Township: R33
Tax ID/APN: 3800.000
Zoning: Undisclosed
Percent Occupied: 90%
Total Number of Buildings: 3
Property Condition: Excellent
Number of Stories: 1
Year Built: 2016
Construction/Siding: HardiePlank Siding
Parking Type: Structure
Parking Description: Souris properties each have a double attached garage per unit. Hartney properties each have a single attached garage per unit.
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal

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Photograph of Listing Agent

Dennis Wiebe

Realty Executives First Choice
CPIX® Member
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