Located in Windsor’s historic and evolving Ford City district, this fully rented 4-unit brick building offers a solid 7% cap rate with annual net income of approx. $8,469 before taxes. With tenant turnover underway, projected rents bring the potential cap rate up to 8.6%, boosting future cash flow. Set on a low-maintenance corner lot directly across from a recreation center and steps from public transit, this property combines community accessibility with ease of management. Units are separately metered for hydro no gas in the building, offering flexibility and lower overhead for investors. 3 units are 2 bedrooms and 1 unit is a 3 bedroom. Landlord pays Water for the entire building. See attached documents for the financials. Whether you're adding to your portfolio or entering the multifamily market, this income-generating property delivers steady returns with room to grow. All showings must be at least 24 hrs notice. (id:63693)
| MLS® Number | 25005711 |
| Property Type | Multi-family |
| Exterior Finish | Aluminum/vinyl, Brick |
| Flooring Type | Ceramic/porcelain, Laminate |
| Foundation Type | Block |
| Heating Fuel | Electric |
| Heating Type | Baseboard Heaters |
| Stories Total | 2 |
| Type | Fourplex |
| Other | 2 |
| Acreage | No |
| Size Irregular | 30 X 91 |
| Size Total Text | 30 X 91 |
| Zoning Description | Rd2.2 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | 3pc Bathroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Kitchen | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Bedroom | Measurements not available | ||
| Second Level | Kitchen | Measurements not available | ||
| Main Level | 3pc Bathroom | Measurements not available | ||
| Main Level | 3pc Bathroom | Measurements not available | ||
| Main Level | Bedroom | Measurements not available | ||
| Main Level | Bedroom | Measurements not available | ||
| Main Level | Kitchen | Measurements not available | ||
| Main Level | Bedroom | Measurements not available | ||
| Main Level | Bedroom | Measurements not available | ||
| Main Level | Kitchen | Measurements not available |
https://www.realtor.ca/real-estate/28019774/1195-97-drouillard-road-windsor
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