670 Alfred Avenue

670 Alfred Avenue

Winnipeg, Manitoba, R2W1Y8, Canada

This property can be sold, please contact us to verify.
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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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