581 CATARAQUI STREET, Windsor, Ontario

$3,250,000

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!! (id:56241)

Listing ID: 25002438
Property Type: Multi-family

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Details

Equipment: Water Heater - Gas
Ownership: Freehold
Rental Equipment: Water Heater - Gas
Transaction: For sale
Zoning Description: RD 3.1

Building

Amenities: Laundry Facility
Exterior Finish: Brick
Fireplace Present: False
Flooring: Carpeted, Hardwood, Mixed Flooring
Foundation: Block
Heating: Baseboard heaters, Boiler, Steam radiator
Heating Fuel: Natural gas
Stories Total: 3.5

Land

Size Irregular: 51.96' X 81.08'

Listing provided by ROYAL LEPAGE BINDER REAL ESTATE - 640
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 581 CATARAQUI STREET in Windsor Ontario. It was last modified on February 10th, 2025. Contact Beaumont & Associates to schedule a viewing or to discover other Windsor real estate for sale.

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