10
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$424,888
Est. payment /mo
Active
761 ASSUMPTION Street Windsor, ON N9A 3B7
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Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26016327
Construction Status Unknown
Annual Tax Amount $1,075
Tax Year 2022
Property Sub-Type Duplex
Source WESC
Property Description
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!
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!
Location
Province ON
Zoning RD2.2
Interior
Heating Forced Air, Furnace
Cooling Forced Air, Furnace
Flooring Cushion or Lino or Vinyl
Exterior
Roof Type Asphalt Shingle
Building
Foundation Block
Sewer Sanitary
Construction Status Unknown
Listed by MANOR WINDSOR REALTY LTD.
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