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Broadway Court Apartments
Description
Broadway Court Apartments – Price Reduced!
New Listing Price: $497,100
Seize this incredible opportunity to own Broadway Court Apartments, a charming 5-unit apartment building located in the heart of Portage la Prairie. This well-maintained property now offers improved value with a new reduced price, making it a must-see for investors looking for solid returns and growth potential.
Basic Listing Information
Primary Use
Multi-Family
Owner Occupied
No
Is Vacant?
No
Specific Address
120 5th Street South East
Specific City
Portage La Prairie
Floor
3
Suite
5
Total Available
3,800 SF
Expiration Date
Sale Information
List Price
$497,100
Signage
Free-Standing
Show Instructions
Call broker
Income / Expenses
Annual Expenses (Actual)
Real Estate Taxes
$3716.00
Insurance
$1000.00
Water/Sewer
$5000.00
Prof. Manager
$1951.00
Maintenance
$2500.00
Total Expenses
$14167.00
Annual Operating Income (Actual)
Gross Sched. Rents
$42810.00
Laundry Income
493.00
Vacancy Factor
8%
Total Income
$43303.00
NOI
$24855.00
Cap Rate (Actual)
5
Unit Configurations
| Description | Average Size (SF) | Average Rent | Number of Units |
|---|---|---|---|
| 1 Bedroom | 573SqFt
|
732
|
4
|
| 3 Bedroom/1 Bath | 986SqFt
|
1080
|
1
|