FULLY RENTED, HEAVILY RENOVATED 18-UNIT GEM IN CENTRAL WINDSOR.
This well maintained multi-family property features 15 one-bedroom units and 3 two-bedroom units. Offering a mix of desirable layouts for tenants. Situated in a prime location. It's within walking distance of all major amenities, including Caesars Casino, Downtown Windsor, and Little Italy.
Highlights:
$50,000 in recent renovations
Assumptions for vacancy, maintenance and management at 5% of gross income, which is conservative based on actuals.
Strong 6% cap rate.
Solid cash flow figures available upon request.
Don't miss out on this turn-key investment opportunity in a highly desirable location!!
PROPERTY SPECS
Price $3,250,000
City Windsor, Ontario
Address 581 CATARAQUI Street
Listing ID 25002438
Construction Brick
Roof Tar & Gravel
Flooring Carpeted, Hardwood or Engineered Hrwd, Mixed Flooring
Garage 1
Land Size 51.96' X 81.08'
Type Multi-Family
Status For Sale
EXTENDED FEATURES
SubtypeOver 12 UnitsAcreage0.099OwnershipFreeholdBuilding AmenitiesFence, Laundry Facility, Public Transportation NearbyFoundationBlockHeating / CoolingBaseboard Heaters, Boiler, Steam RadiatorHeating FuelNatural GasHot Water TankGasUtility WaterMunicipal WaterSewerSanitaryDate ListedFeb 7, 2025Days on Market15