5A//Winnipeg/SS Now. Offers ANYTIME!!! Investor alert! This 1980s-built bi-level duplex is a cash flow machine with solid construction and large basement windows offering a major upgrade from typical early 1900s homes in the area. The main unit features 3 bedrooms, 1 bath, and has been updated with new windows, flooring, paint, and bathroom, previously rented for $1,700/month (utilities included). The lower unit is a bright, renovated 2-bedroom, 1-bath suite that rented for $1,300/month (utilities included). Both units share a common space with coin-op laundry generating an additional $100/month. Average hydro is $239/month and water is $150/month. Parking for 3 vehicles, fully fenced yard, and a prime location near the University of Winnipeg make this an ideal student rental. Pro forma shows over a 7% cap rate, over $700/month in cash flow, and a 18.89% ROI with 20% down place your own tenants and set your own rents! All this located on a great mid block location with well kept homes and great neighbours!!! (id:4069)
Address
261 Young Street
List Price
$349,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
Bi-level
Area
Manitoba
Sub-Area
Winnipeg
Bedrooms
5
Bathrooms
2
Floor Area
894 Sq. Ft.
Lot Size
30 x 100 Sq. Ft.
Year Built
1986
MLS® Number
202516988
Listing Brokerage
Real Broker
Postal Code
R3C1Z1
Features
Exterior Walls- 2x6"
