For Sale: 761 Assumption Street, Windsor, ON - REW
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$424,888
0 bd • ba • sf • Multifamily
761 Assumption Street
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$424,888
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761 Assumption StreetWindsor, ON, N9A 3B7

Walkerville
  • 0 Bed
  • Bath
  • Sqft
  • Multifamily

About this home

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:63626)
Listed by: RHYS TRENHAILE, BSC., JD, Salesperson, MANOR WINDSOR REALTY LTD.

Home facts and features

Price details
List Price
$424,888
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Home facts
Bedrooms
0
Full Bathrooms
Property Type
Multifamily
Depth
182 feet
Title
Freehold
Exterior Finish
Aluminum/Vinyl
Heating Type
Forced air, Natural gas, Furnace
Community
Agent details
Primary Agent
Primary Broker
MANOR WINDSOR REALTY LTD.
Listing details
Days on REW
11 Days
MLS® Number
26016327
Source
Canadian Real Estate Association
Board
Windsor-Essex County Association of REALTORS®
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25 Years
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3.99%

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Property Insights

Frank W Begley Public School
  • Public
  • JK - 8
Giles Campus French Immersion Public School
  • Public
  • JK - 8
Immaculate Conception Catholic School
  • Catholic
  • JK - 8
King Edward Public School
  • Public
  • JK - 8
Windsor-Essex CDSB NS School
  • Catholic
  • 9 - 12
Prince Edward Public School
  • Public
  • JK - 8
Dougall Avenue Public School
  • Public
  • JK - 8
St Angela Catholic School
  • Catholic
  • JK - 8
Walkerville Collegiate Institute
  • Public
  • 9 - 12
St Anne French Immersion Catholic School
  • Catholic
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Salesperson
RHYS TRENHAILE, BSC., JD
Phone:
(519) 250-8800
Office:
519-250-8800
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By proceeding, you consent to receive communications using the methods provided, from REW.ca and our partners about your inquiry and other home-related matters to assist you in your search, but not as a condition of any purchase.