Rental property for sale. $2450 month revenue. Recent upgrades

xxx Manitoba Ave

Asking: $169,900

Repair: $TBD

ARV: $TBD

Description

1.5 Story House for sale. Currently has two tenants renting it for a total of $2450 per month income. Mainfloor/Second Floor tenant pays $1650. Basement Tenant $800 Separate Entrances Mainfloor/Second floor rental includes: Open concept Living Room/Kitchen/Dining Room. Tile Flooring throughout Kitchen/Dining/Hallway, leading to bathroom. Laminate flooring in living room & Main floor bedrooms. 4 bedrooms; 2 on main floor, 2 on second floor, with den. Original hardwood floors on second floor and staircase. 3-piece bathroom. Tile Flooring with matching tile Shower. Stove. Microwave. Dishwasher (Brand new 2021) 20 cu.ft. refrigerator. 10,000btu air conditioner. Finished Basement Apartment includes: It's own rear entrance & FULL KITCHEN. Ceramic top stove. Refrigerator. Loft style-Open concept Living Room/Kitchen/Bedroom. 3-piece bathroom with shower. 7-in-1 Portable Air Conditioner, heater, dehumidifier, humidifier, fan, etc. House was completely renovated in 2012. Upgrades include: New Shingles on House & Garage. New custom cabinets in the main-floor kitchen, including an island with sink. Tile flooring in the kitchen through to the hall and into the bathroom. Laminate flooring in the main floor living room. Custom cabinet and counter in the bathroom. New wiring and plumbing throughout. Brand new: High Efficiency Furnace (2019). Brand new: Electric Hot Water Tank (2019). New blown insulation throughout the Entire house (2019). Original Hardwood flooring in the bedrooms on the second floor. Shared Laundry area with Washer/Dryer accessible from both apartments. Large Front Porch. Large, fully-fenced backyard with Parking in the yard. Full size Garage with electric opener. More pictures available. Email to schedule a viewing. (email hidden, press "Get in Touch") Address is: 541 Manitoba ave, Winnipeg. Bills for 2020: Property Tax $2,111.37 (2021 rebate was $250, so taxes for 2021 and 2022 will be about 25% less) Hydro $2,846.69 Water $1,237.33 House Insurance $1,509.00 $2000 potential profit per month. At 20% down, investor could be in the black in about 5 years. House will continue to appreciate during this time. Great investment opportunity. Don't miss out.

Facts and Features

Type

Detached House

SQFT

1271

Bedrooms

5

bathrooms

2

Status

Active

Additional Details

Asking Price
$169,900
Estimated Repairs
$TBD
Estimated ARV
$TBD
Property type
Detached House
Property Location
Winnipeg MB
Property status
For Sale
Tags
Popular

Investment Type

  • As Is
  • BRRRR
  • Cashflow
  • Fix and Flip
  • House Hacking
  • Short Term Rental

Get In Touch With the Seller

Oliver Beddows Oliver Beddows

Sales Executive

  • 4.8/5
  • (67 reviews)
[email protected] 123 900 68668

Location

Map

xxx Manitoba Ave,
R2W 2G9

Mortgage calculator

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Financial Review

Financial Analysis

Unfortunately there isn't enough information to determine the IRR and other financial factors. Contact the owner to get the necessary infomration.

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