519-999-3499

761 ASSUMPTION STREET - $424,888.00


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Property Specs:

Price$424,888.00
CityWindsor, ON
Address761 ASSUMPTION STREET
Listing ID26016327
ConstructionAluminum/Vinyl
FlooringCushion/Lino/Vinyl
ParkingOther
Land Size31.80 X 182 FT
TypeDuplex
StatusFor sale

Extended Features:

Equipment Water Heater - GasOwnership FreeholdRental Equipment Water Heater - GasFoundation BlockHeating Forced air, FurnaceHeating Fuel Natural gas

Details:

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:4555)

LISTING OFFICE:
Manor Realty Ltd. Brokerage, Rhys Trenhaile, BSC., JD

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