143 Barber St - 12 Unit Multi-family - 10% Cap rate

Multi-Family for Sale
Catylist Listing ID: 30832223
Property Subtypes: Duplex/Fourplex, Other
Number of Units: 12 Units
Building Size (RSF): 8,500 SF
Gross Building Area: See Agent
Gross Land Area: 7,889 SF
Sale Price: $799,900 - 789,900
Unit Price: $66,658.33 Per Unit
Sale Terms: Cash to Seller
Cap Rate: 10.0%
Last Updated: 3/7/2023

Overview / Comments

SS Now! Offers as received. PRICE DROP OFF $50K. SELLER WANTS SOLD!! Seller to open to second position VTB. 12 Unit Multi-family for sale with a cap rate of 10%. 10 Unit apartment building with separately metered Hydro and a side by side duplex with separate utilities have been freshly renovated to be rented again. Buy, put your own tenants in and start making money!! Great location at the corner of Euclid and Barber with many tenants looking to live closer to downtown. Generates $120,000 in gross rent annually with net operating income of $80,000. Great time to buy apartment blocks when the competition is low, in few years, tides will turn and it will become difficult to buy apartment blocks again. Contact for proforma. Book your showing today!

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 14000384000
Zoning: R2
Total Number of Buildings: 2
Property Condition: Good
Number of Stories: 2
Total Parking Spaces: 3
Laundry: Shared
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Central
Fuel: Gas, Electric
Lot Frontage: 185
Water Service: Municipal
Sewer Type: Municipal

View FullscreenMap


Photograph of Listing Agent

Nav Khakh Personal Real Estate Corporation

Ember Realty Group Ltd.
CPIX® Member
© Copyright 2001-2023 Moody's. All Rights Reserved. The information presented herein is provided as is, without warranty of any kind. Neither Winnipeg Regional Real Estate Board nor Moody's assume any liability for errors or omissions.