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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 25005711
Property Sub-Type Freehold
Source Windsor-Essex County Association of REALTORS®
Property Description
Located in Windsor's historic and evolving Ford City district, this fully rented 4-unit brick building offers a solid 7% cap rate with annual net income of approx. $8,469 before taxes. With tenant turnover underway, projected rents bring the potential cap rate up to 8.6%, boosting future cash flow. Set on a low-maintenance corner lot directly across from a recreation center and steps from public transit, this property combines community accessibility with ease of management. Units are separately metered for hydro no gas in the building, offering flexibility and lower overhead for investors. 3 units are 2 bedrooms and 1 unit is a 3 bedroom. Landlord pays Water for the entire building. See attached documents for the financials. Whether you're adding to your portfolio or entering the multifamily market, this income-generating property delivers steady returns with room to grow. All showings must be at least 24 hrs notice. (id:24570)
Location
Province ON
Rooms
Kitchen 4.0
Extra Room 1 Second level Measurements not available 3pc Bathroom
Extra Room 2 Second level Measurements not available 3pc Bathroom
Extra Room 3 Second level Measurements not available Bedroom
Extra Room 4 Second level Measurements not available Bedroom
Extra Room 5 Second level Measurements not available Bedroom
Extra Room 6 Second level Measurements not available Kitchen
Interior
Heating Baseboard heaters,
Flooring Ceramic/Porcelain, Laminate
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Others
Ownership Freehold
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Listed by MANOR WINDSOR REALTY LTD.
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