Address: 761 ASSUMPTION STREET, Windsor FOR SALE Postal Code: N9A3B7 Style: Type: Multi-family Duplex Bedrooms: 0 Bathrooms: 0 Parking: Other Garage: Other Lot Size (Approximate): x Property Size (Approximate): 31.80 X 182 FT Stories: 1
About 761 Assumption Street
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:56071). Get more information on 761 Assumption Street
Property Features
Rental Equipment: Water Heater - Gas Zoning Description: RD2.2 Lot (Approximate): 31.80 X 182 FT 31.80 X 182 FT Exterior Finish: Aluminum/Vinyl Flooring: Cushion/Lino/Vinyl Water: , Heating / Cooling: Natural gas / Age (Approximate): Foundation: Block Basement:
Rooms & Sizes
(Approximate)
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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FOR SALE
FOR SALE
FOR SALE
FOR SALE
FOR SALE