761 Assumption Street
Windsor , Ontario
$398,888 price
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)
Price$398,888
CityWindsor, Ontario
Address761 ASSUMPTION Street
Listing ID26016327
StyleDuplex
FlooringCushion/Lino/Vinyl
TypeMulti-Family
StatusFor Sale
Ownership Freehold Heating / Cooling Forced air, Natural gas, Furnace
JUMP FEATURED AGENT
agent

Elica Berry

Realtor®
519.919.4549



Listing Agent:  DUSTIN TIMOTHY

Listing Agency:  ROYAL LEPAGE BINDER REAL ESTATE

Co-Listing Agent:  RHYS TRENHAILE, BSC., JD

Co-Listing Agency:  ROYAL LEPAGE BINDER REAL ESTATE


Listing Brokerage: ROYAL LEPAGE BINDER REAL ESTATE
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