761 ASSUMPTION STREET
Windsor, Ontario
MLS® 26016327
$424,888
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 26016327
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 10Listing 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!
Property summary
- MLS® number
- 26016327
- Property type
- Multi-family
- Building type
- Duplex
- Title
- Freehold
- Land size
- 31.80 X 182 FT
- Parking
- Other
- Days on market
- 71 days
Features & details
- Heating
- Forced air, Natural gas, Furnace
- Flooring
- Cushion/Lino/Vinyl
- Exterior features
- Aluminum/Vinyl
What would this home cost you?
Based on the $424,888 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE BINDER REAL ESTATE, WINDSOR.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.