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:52874)
| MLS® Number | 26016327 |
| Property Type | Multi-family |
| EquipmentType | Water Heater - Gas |
| RentalEquipmentType | Water Heater - Gas |
| ExteriorFinish | Aluminum/vinyl |
| FlooringType | Cushion/lino/vinyl |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air, Furnace |
| StoriesTotal | 1 |
| Type | Duplex |
| Other | 1 |
| Acreage | No |
| SizeIrregular | 31.80 X 182 Ft |
| SizeTotalText | 31.80 X 182 Ft |
| ZoningDescription | Rd2.2 |
https://www.realtor.ca/real-estate/30004171/761-assumption-street-windsor
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