Forced Air, Furnace
$424,888
THIS PROPERTY CASH FLOWS. GREAT TENANTS. WELL MAINTAINED. You are likely looking at 10,000+ duplexes, we get it. Focus on this one. Being sold at a 6.5% cap rate, & 1.38 Debt Coverage Ratio at the asking price, generating a provable Annual Net Cash Flow of $7,305 from day one (assuming a 80% Loan to Value mortgage). Fully rented to great tenants that pay on time, and they pay their own utilities on separate hydro & gas meters that shift utility burdens away from the owner. Positioned on an expansive 182-ft deep lot, so tons of room for a future Additional Dwelling Unit (ADU) in the back yard. Additional parking can be added off the alley as well. With a rock-solid Net Operating Income (NOI) of $26,589 and $48,210 in projected mortgage principal reduction over five years, this is a wealth-building asset designed for investors who refuse to settle for average returns. Please allow 36 hours for showings. Cash flow analysis etc. upon request! (id:63693)
Property Details
|
MLS® Number |
26016327 |
|
Property Type |
Multi-family |
|
Equipment Type |
Water Heater - Gas |
|
Rental Equipment Type |
Water Heater - Gas |
Building
|
Exterior Finish |
Aluminum/vinyl |
|
Flooring Type |
Cushion/lino/vinyl |
|
Foundation Type |
Block |
|
Heating Fuel |
Natural Gas |
|
Heating Type |
Forced Air, Furnace |
|
Stories Total |
1 |
|
Type |
Duplex |
Parking
Land
|
Acreage |
No |
|
Size Irregular |
31.80 X 182 Ft |
|
Size Total Text |
31.80 X 182 Ft |
|
Zoning Description |
Rd2.2 |
https://www.realtor.ca/real-estate/30004171/761-assumption-street-windsor
