670 Alfred Avenue, North End, Winnipeg, MB

Description

SOLD! >>> Click Here to View SOLD PRICES <<<

INVESTORS! 2 self-contained units located in a great rental location directly across the street from Strathcona School. Unit 1 offers 3 spacious bedrooms, large living room and dining room with 9-foot ceilings, bright kitchen, and 4-piece bathroom with full access to basement for additional storage. And is heated by a forced air furnace. Unit 1 is currently vacant but was previously rented for $1,000/month. Unit 2 offers 2 bedrooms, eat-in kitchen, 4 piece bathroom, and driveway parking. And is heated by electric baseboard heat. Unit 2 is currently rented for $765/month. All utilities are separately metered, and there are 2 hot water tanks so tenants pay for all expenses. Gross Potential Rent: $21,180. LESS Expenses… Tax: $1804 + Insurance: $1800 + Maintenance Allowance (5%): $1059 = NET $17,229. Cap Rate: $17,229 / $184,900 = 9.3% The Flat Roof expense was taken care of – replaced (2019) for $45k. ASK YOUR AGENT FOR FULL LIST OF UPDATES (in supplements). *24 HOURS NOTICE REQUIRED FOR VIEWING* ACT FAST!