APARTMENT BLOCK IN PRIME LOCATION FOR SALE

Multi-Family for Sale
Catylist Listing ID: 30785295
Property Subtypes: Mid-Rise
Number of Units: 16 Units
Building Size (RSF): 6,246 SF
Gross Building Area: See Agent
Gross Land Area: 6,047 SF
Sale Price: $2,595,000
Unit Price: $162,187.50 Per Unit
Property Use Type: Investment
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/10/2022

Overview / Comments

Beautiful rehab done approximately 8 years ago on this 16 suite apartment block close to The Forks, the Assiniboine River and the Canada Life Centre. Fully leased with 9 bachelor suites and 7 one bedroom suites. Rarely a vacancy here! The sellers state that over $900,000 was spent in fully renovating the whole block including new 96% efficient gas boiler heating system with new lines to the suites, all new windows, new roof, all new plumbing and electrical throughout, new security system, new exterior and interior paint, all fully renovated suites with new appliances and the list goes on. All suites are separately metered for hydro. Continually well maintained. 6 outdoor parking stalls. Excellent caretaker in place making this an easy to manage property. Very favorable financing available for qualified buyers providing an attractive return on investment. For further details contact David Bergman RE/MAX Professionals 204-229-5136.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Tax ID/APN: 12092558000
Zoning: D
Percent Occupied: 100%
Community Amenities: On-Site Maintenance
Property Located Between: Assiniboine & Broadway
Property Condition: Excellent
Total Parking Spaces: 6
Heat Type: Natural Gas, Hot Water
Heat Source: Central, Radiant

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Contact

Photograph of Listing Agent

David Bergman

RE/MAX professionals
CPIX® Member
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