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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
Listed BY: DUSTIN TIMOTHY, ROYAL LEPAGE BINDER REAL ESTATE

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