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531 MILL STREET

Windsor, N9C2R7

Listed by MANOR WINDSOR REALTY LTD.

$2,150,000

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Listed 70 days ago · MLS® 26019614

About this home

Welcome to 531 Mill street. This Three-storey, 12-unit brick apartment building is located in one of Windsor's most reliable rental corridors near the University of Windsor. This solid, well-maintained property offers eight 2-bedroom units, two 3-bedroom units, one 1-bedroom unit, and one bachelor suite. The building is 11 of 12 units tenanted, with one vacant bachelor suite ready to lease, allowing the new owner to set their own market rent while stepping into a near-stabilized income property. On-site parking adds valuable convenience for tenants. The building is serviced by a functional boiler heating system. Twelve new individual hydro meters provide separate metering for each unit, reducing landlord utility costs and increasing tenant accountability. Assumable 4.25% fixed mortgage with ~9.5 years left-offering strong financial advantage in today's rates. CMHC-insured, this property provides immediate cash flow and long-term investment potential. Contact us today! (id:66966)

Details

Type
Multiplex
Municipality
Windsor

Interior

Fireplace
No
Flooring
Hardwood, Laminate, Cushion/Lino/Vinyl

Heating, cooling and services

Heating
Radiant heat, Boiler, Natural gas

Building and exterior

Foundation
Concrete
Outdoor
Brick

Location

Location is approximate. See nearby homes on the map

Listed by MANOR WINDSOR REALTY LTD..

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