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910 E Cedar Ave 3 Unit Apartment Building $620,091 CAD ($206,697 CAD/Unit) 6.67% Cap Rate Manitowoc, WI 54220
Investment Highlights
- Fully occupied 3-unit condo portfolio generating $3,600/month, offered with seller financing and strong cash flow potential.
Executive Summary
Rare opportunity to acquire a fully occupied 3-unit condo portfolio with seller financing. Property generates $3,600/month in current rental income with upside potential—two units leased at $1,250/month on one-year leases, and one unit at $1,100/month on a month-to-month basis, offering immediate opportunity to increase rents to market levels. Seller financing terms include 20% down, 6% interest with interest-only payments, and a 5-year balloon, with lower interest rates available for buyers with larger down payments. No traditional bank financing required. Ideal for investors seeking strong cash flow and flexible financing. Proof of funds and income required prior to showings.
This is not a typical “per-unit comp” purchase — this is a turnkey, income-producing package.
All 3 units are leased and cash-flowing from day one
Ground-level units (no stairs) — highly desirable for tenants
2 units include attached garages — rare within the association
Located within a restricted rental pool (only 7 of 32 units allowed to be rented)
Seller financing available — flexible structure, no bank required
Opportunities like this are difficult to replicate. Acquiring individual units at lower prices does not provide:
Immediate stabilized income
Access to the limited rental pool
The ability to control multiple units at once
Favorable financing terms without a lender
This is designed for buyers prioritizing cash flow, ease of acquisition, and long-term positioning — not just lowest price per unit.
This is not a typical “per-unit comp” purchase — this is a turnkey, income-producing package.
All 3 units are leased and cash-flowing from day one
Ground-level units (no stairs) — highly desirable for tenants
2 units include attached garages — rare within the association
Located within a restricted rental pool (only 7 of 32 units allowed to be rented)
Seller financing available — flexible structure, no bank required
Opportunities like this are difficult to replicate. Acquiring individual units at lower prices does not provide:
Immediate stabilized income
Access to the limited rental pool
The ability to control multiple units at once
Favorable financing terms without a lender
This is designed for buyers prioritizing cash flow, ease of acquisition, and long-term positioning — not just lowest price per unit.
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $620,091 CAD | Property Type | Multifamily |
| Price Per Unit | $206,697 CAD | Property Subtype | Apartment |
| Sale Type | Investment | Building Class | B |
| Cap Rate | 6.67% | Building Size | 2,829 SF |
| Sale Condition | Bulk/Portfolio Sale | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.42 | No. Stories | 1 |
| No. Units | 3 | Year Built | 1984 |
| Price | $620,091 CAD |
| Price Per Unit | $206,697 CAD |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Sale Condition | Bulk/Portfolio Sale |
| Gross Rent Multiplier | 10.42 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | B |
| Building Size | 2,829 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1984 |
1 1
Somewhat walkable
30/100
Very drivable
80/100
Moderately bikeable
60/100
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WEST MANAGEMENT LLC
910 E Cedar Ave
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