761 ASSUMPTION STREET
Windsor, N9A3B7
Listed by ROYAL LEPAGE BINDER REAL ESTATE
$398,888
Listed 105 days ago · MLS® 26016327
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:66966)
Details
- Type
- Duplex
- Municipality
- Windsor
Interior
- Fireplace
- No
- Flooring
- Cushion/Lino/Vinyl
Heating, cooling and services
- Heating
- Forced air, Natural gas, Furnace
Building and exterior
- Foundation
- Block
- Outdoor
- Aluminum/Vinyl
Location
Location is approximate. See nearby homes on the map
Listed by ROYAL LEPAGE BINDER REAL ESTATE.
REALTOR®, REALTORS®, and the REALTOR® logo are certification marks that are owned by REALTOR® Canada Inc. and licensed exclusively to The Canadian Real Estate Association (CREA). These certification marks identify real estate professionals who are members of CREA and who must abide by CREA’s By-Laws, Rules, and the REALTOR® Code. The MLS® trademark and the MLS® logo are owned by CREA and identify the professional real estate services provided by members of CREA.
The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.
Similar homes nearby
See more in Windsor
📷 7
$399,000
≈ $1,747/mo mortgage · 20% down
3 bd2 ba1 pk700-1100 ft²
986 Bridge Avenue
Windsor, Windsor
Basement suiteWalkableSchool 6 min walk
Detached · MLS® X13642588 · CENTURY 21 PEOPLE`S CHOICE REALTY INC.
📷 7
$389,000
Reduced $15,999 (↓ 4%)
≈ $1,703/mo mortgage · 20% down
6 bd2 ba1500-2000 ft²
3588 Sandwich Street
Windsor, Windsor
School 9 min walk
Detached · MLS® X13555824 · RE/MAX PREMIER INC.
📷 42
$385,000
Reduced $14,000 (↓ 4%)
≈ $1,686/mo mortgage · 20% down
2+1 bd2 ba5 pk700-1100 ft²
2371 Alexis Road
Windsor, Windsor
Basement suiteWalkableSchool 6 min walk
Detached · MLS® X13231302 · EASY LIST REALTY LTD.
📷 28
$374,999
2 bd2 ba
1160 ELM AVENUE
Windsor, Windsor
Detached · MLS® X13509030 · RE/MAX SKYWAY REALTY INC.
📷 24
$429,000
Reduced $148,000 (↓ 26%)
≈ $1,879/mo mortgage · 20% down
5+3 bd3 ba4 pk< 700 ft²
329 Rankin Avenue
Windsor, Windsor
Basement suitePark nearby
Detached · MLS® X12755046 · HIGHPOINT HOMES REALTY
📷 22
$429,000
≈ $1,879/mo mortgage · 20% down
2+1 bd2 ba2 pk700-1100 ft²
1723 Langlois Avenue
Windsor, Windsor
Basement suiteWalkableSchool 6 min walk
Detached · MLS® X13444298 · SKYBOUND REALTY
📷 40
$439,000
Reduced $8,000 (↓ 2%)
≈ $1,922/mo mortgage · 20% down
8+2 bd4 ba2 pk2000-2500 ft²
731-733 Partington Avenue
Windsor, Windsor
Basement suite
Semi-Detached · MLS® X13111972 · EASY LIST REALTY LTD.
New
📷 29
$449,900
≈ $1,970/mo mortgage · 20% down
3+1 bd2 ba3 pk1100-1500 ft²
630 Brazil Avenue
Windsor, Windsor
Walkable
Semi-Detached · MLS® X14100246 · RE/MAX REALTY SPECIALISTS INC.