626 Elgin Ave
Winnipeg, Manitoba, R3A0L3, Canada
$209,900
Building type: | Duplex |
Storeys: | 2,5 |
Floor Space: | 1829 sqft |
Bathrooms: | 2 |
Bedrooms: | 5 |
Parking Type: | Other |
Heating Type / Fuel: | Forced air (Natural gas) |
Water: | Municipal water |
Property Description
excellent revenue property/duplex, two large self contained units, excellent tenants, fully leased, unit #1-main floorbasement, 2 bedroom unit rent $1200/month, unit#2-secondthird floor, 3 bedroom unit rent $1500/month, total income $32, 400 per annum, 2019 est exspenses gas $2160, hydro $2280, water $1800, insurance $1815, realty taxes $2423.45, total exspenses $10, 478.45.net operating income, NOI-$21, 921.55. EXCELLENT $21, 921.55 RETURN ON AN INVESTMENT OF $209, 900, TERRIFIC NEW ASSUMABLE 5 YEAR MORTGAGE OF APPROX $162, 777 @1.92 %, $812.82 .SO ONLY REQUIRES APPROX $45000 DOWN PAYMENT TO ASSUMABLE MORTGAGE, NOI $21, 921.55 RETURN ON INVESTMENT REPRESENTS A 48.7% ANNUAL RETURN ON $45, 000 DOWN PAYMENT INVESTMENT, GOOD LOCATION CLOSE TO HEALTH SCIENCE CENTER HOSPITAL
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