Two 4-plex For Sale

Multi-Family for Sale
Catylist Listing ID: 30758527
Property Subtypes: Duplex/Fourplex
Number of Units: 8 Units
Building Size (RSF): 1,350 SF
Gross Building Area: See Agent
Gross Land Area: 44,000 SF
Sale Price: $1,600,000
Unit Price: $200,000 Per Unit
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: 6.0%
Last Updated: 12/3/2021

Overview / Comments

Two 4-plex buildings for sale on the same site in Hamiota, MB! Great opportunity for investors to build equity AND cash flow with a 6% cap rate. The town has many amenities including restaurants, shopping, a health center, a golf club, and more! The buildings are bungalows designed for functionality, no stairs to enter and everything is one level. Great for those beginning to experience mobility issues. All but Unit 3 is currently rented for ease of showing. Four units are rented for $1450/month, four units rented for $1350/month. The units include an open concept living space and kitchen with plenty of countertop and storage space, featuring a an island and walk-in pantry. Two main floor bedrooms, with a spacious bathroom where you may add an accessibility option. Vinyl plank flooring throughout. Single attached garage. Tenants pay their own utilities as each unit is separately metered for hydro and water. Utilities include 100 amp panel, hot water, heat recovery ventilator, and water filtration system. Please see Attachments and Media for the link to the other properties being sold as a package.

Additional Details

Tax ID/APN: 46300.000
Zoning: Undisclosed
Percent Occupied: 88%
Total Number of Buildings: 2
Property Condition: Excellent
Year Built: 2018
Construction/Siding: HardiePlank Siding
Parking Type: Structure
Parking Description: Single attached garage for each unit.
Total Parking Spaces: 8
Laundry: In Each Unit
Sprinklers: None
Heat Type: Electricity
Heat Source: Baseboard
Fuel: Electric
Water Service: Municipal
Sewer Type: Municipal

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Contact

Photograph of Listing Agent

Dennis Wiebe

Realty Executives First Choice
CPIX® Member
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