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350 River Avenue in Winnipeg: Industrial / Commercial / Investment for sale (1B) : MLS®# 1826057

350 River Avenue Winnipeg R3L0C1 :

5 PLEX (2 BACHELOR UNITS, AND 3 X1 BEDROOM UNITS) ALL SELF CONTAINED WITH THEIR OWN KITCHENS AND FULL BATHROOMS. METICULOUSLY MAINTAINED BY LONG TERM OWNER! SOLID HOME UP AND DOWN! WON'T LAST LONG! ACT QUICK! CALL NOW TO SET UP YOUR PRIVATE VIEWING APPOIN
$559,900
Prop. Type:
Industrial / Commercial / Investment
MLS® Num:
1826057
Status:
Active
SS now, Offers Presented as received. GREAT CASH FLOWING 5 PLEX IN THE HEART OF OSBORNE VILLAGE! 2668 Sq Ft 2 Bachelors+3 x1 Bedroom self contained units-each w/kitchen+full bath! YEARLY GROSS RENTS ARE $47,076 DOLLARS! COSTS TO RUN ARE EXTREMELY LOW@ONLY $13,384 PER YEAR. FANTASTIC LONG TERM BUY+HOLD PROPERTY TO ADD TO YOUR RENTAL PORTFOLIO. W/A CAP RATE OF 6%! LOCATION, LOCATION, LOCATION! WON'T LAST LONG! LARGE HOMES/RENTAL PROPERTIES IN THIS AREA ARE EXTREMELY RARE+HARDLY EVER HIT THE MARKET. HERE'S YOUR CHANCE TO OWN ONE! ACT QUICK BEFORE IT'S GONE! Call now to set up your private viewing today! Need min 48 hrs notice to arrange showings. -Pls call to get pro forma+further details on property. CAN ALSO BE USED AS A FUTURE DEVELOPMENT SITE FOR CONDOS AS WELL, AS IT'S SITUATED IN ONE OF THE MOST DESIRED LOCATIONS IN THE ENTIRE CITY! 50X99 FT LOT 4959 TOTAL SQ FT. You could also move into one of the suites and live for free and earn a living maintaining the other 4 units. CALL FOR MORE DETAILS!
1B / -
-Located on the corner of River Avenue and Scott Street. Parking on Scott Street.
For Sale:
Yes
For Lease:
No
Property Type:
Industrial / Commercial / Investment
Property Sub Type:
Multi-Family for Sale
Year Built:
1905 (Age: 113)
Total Floor Area:
Switch units of measure2,668 sq. ft.
Depth:
Switch units of measure99'
Frontage:
Switch units of measure50'
Building Area:
Switch units of measure2,668 sq. ft.
Heating:
Forced Air, Natural Gas
Parking:
Double Detached
Covered Parking Spaces:
2
Total Parking Spaces:
5
Storeys:
3.0
Number Garages:
1
Contract Amended:
No
Downtown, High Traffic Location, Public Transportation
Appliances Included, Basement, Fire Alarm, Laundry Facility, No Pets Allowed, Storage
Real Estate Taxes:
6441.0
Gross Income:
47076.0
Net Income:
33792.0
Insurance expenses:
1400.0
Heat expenses:
2342.0
Total Expenses:
13384.0
Title to Land:
Freehold
Number of Buildings:
5
Pro Forma:
Yes
Survey Available:
Yes
Survey Year:
2009
Years of operation:
16
Owner since year:
2002
Vacancy percent:
0
Vacancy loss:
0.0
Number of suites:
5
Number of Units:
5
Bachelor Units:
2
1-Bedroom Units:
3
Listing information last updated on October 12, 2018 at 10:38 PM (UTC)
Chris Kenny
RE/MAX Commercial
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