ON
Windsor
N9A3B7
761 ASSUMPTION Street
761 ASSUMPTION Street, Windsor, ON N9A3B7
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Listing Type
Multi Family
Listing Status
Active
10
$424,888

Home Details for 761 ASSUMPTION Street

Price
$424,888
Type
Residential Income
Listing #
26016327
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! (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
Listing Courtesy: ROYAL LEPAGE BINDER REAL ESTATE
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1323 Michigan Ave, Sarnia, ON N7S 4M6
Office
519 542 1000
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