Giles (Windsor, Ontario, CA - N9A 6H6) Built

$920,000

Century 21 Teams & Associates Ltd.

Cynthia Padilla Cynthia Padilla 519-988-8888 (Office) 519-971-6229 (Cell) Request More Info

  • Type: Residential
  • Style: Multiplex
  • Bedrooms: n/a "8 Units: 4-Bachelor, 1x1 Bedroom, 2x2Bedroom, 1x3 Bedroom"
  • Bathrooms: 5
  • Garage: "2 Parking spaces available"
  • Development Level: Built
  • Lot Type: Rectangular
  • Lot Size: 0.122 acres 50ft x 105ft
  • Year Built: n/a "Unknown"
  • Taxes: $5,928.86 (2021)
  • MLS ® #: 22009552

Description

An EXCELLENT fully occupied 8-unit property in a desirable central Windsor neighborhood with a mix of studio, 1, 2, and 3 bedroom units. Included 8 stoves, 8 fridges, furnaces, and hot water tanks (all OWNED - no rental equipment). Well-maintained, brick-to-roof, with a brand NEW ROOF (2021). This PROFITABLE property generates a rental income of $81,006 with minimal expenses of $15,998 (property tax, insurance, and shared utilities), producing a SOLID net income of $65,008 annually (more than 7% cap rate!), with a significant potential INCREASE based on market rents, and extra income opportunity from the detached garage or addition of coin-op laundry. Buyer is responsible for making their inquiries regarding permitted uses.

Attachments

Brokered and Advertised by : Keller WIlliams Lifestyles Realty Brokerage
P2#506066019
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Information is deemed to be correct but not guaranteed.

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