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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:64906)
761 ASSUMPTION Street is located in Windsor, Ontario, with a current listing price of $424,888. This multi-family property is currently available.
Interested in learning more about 761 ASSUMPTION Street? Review the property details above — including taxes, year built, lot size, construction, interior and exterior features, parking, and any neighbourhood amenities in the Windsor area as filed by the listing brokerage.
You can also contact the Sellit2u Real Estate Group to book a private tour of MLS® 26016327 or other homes for sale in Windsor. Our team has deep expertise in the Windsor and Windsor-Essex real estate market — call 519-903-5117 to connect with an agent today.
A quick estimate based on this property's list price. Run the full numbers — including closing costs and Ontario land-transfer tax — on the Tools page.
Principal & interest only. Excludes property tax, insurance, condo fees, and CMHC where applicable.
Listing courtesy of Rhys Trenhaile, Bsc., Jd, Manor Windsor Realty LTD..
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