670 Alfred Avenue
Winnipeg, Manitoba, R2W1Y8, Canada
Please do not visit without confirmation.
$184,900
| Building type: | Duplex |
| Building style: | Bungalow |
| Storeys: | 1 |
| Floor Space: | 1812 sqft |
| Bathrooms: | 2 |
| Bedrooms: | 5 |
| Parking Type: | Other |
| Heating Type / Fuel: | Baseboard heaters (Electric), Baseboard heaters (Natural gas), Forced air |
| Water: | Municipal water |
Property Description
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!
Other Structures: Porch
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