761 ASSUMPTION STREET, Windsor
$398,888
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!
General Info
| MLS Listing ID: 26016327 | Bedrooms: 0 | Bathrooms: 0 | Year Built: 0 |
| Listing Type: Multi-family | Half Baths: N/A | Fireplace Fuel: N/A | Maintenance Fee: N/A |
| Foundation: Block | Roof: N/A | Title To Land: Freehold | Parking Space Total: 0 |
| Parking: Other | Heating: Forced air, Furnace | Size: N/A | Air Conditioning : N/A |
| Home Style: N/A | Finished Floor Area: Cushion/Lino/Vinyl | Fireplaces: N/A | Basement: N/A |
| Water Supply: N/A | Road Type: N/A | Pool Type: N/A |











