2391 CADILLAC - $374,500.00

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Property Specs

Price$374,500.00
CityWindsor, ON
Address2391 CADILLAC
Listing ID18009765
ConstructionBrick
FlooringHardwood
ParkingOther
Land Size120x76
TypeDuplex
StatusFor sale

Extended Features

Equipment: Water Heater - GasOwnership: FreeholdRental Equipment: Water Heater - GasFoundation: BlockHeating: Forced airHeating Fuel: Natural gas

Details

ATTENTION INVESTORS! INCREDIBLE OPPORTUNITY TO GAIN INCOME FROM THIS EXTENSIVELY UPDATED DUPLEX & LARGE PARKING LOT USED BY CHRYSLER EMPLOYEES! UPPER & LOWER DUPLEX BOTH FEATURE SPACIOUS 2 BEDROOMS, 1 FULL BATH AND SHARED BASEMENT WITH LAUNDRY RM & STORAGE. UPPER UNIT UPDATES: NEW WASHROOM, NEW KITCHEN, NEW FLOOR WATERPROOF, NEW FRONT DECK, NEW LED LIGHT FIXTURES, PAINTED THROUGHOUT, RENO'D BACK STAIRCASE. EXTERIOR: NEWER ROOF, BASEMENT PAINTED, EXTERIOR BASE WALL PAINTED, NEW A/C UNIT W/ ECOBEE SYSTEM (MONITOR/ADJUST FURNACE & A/C REMOTELY), GROUNDS MAINTENANCE. MAIN UNIT PAYS $975, UPPER PAYS $1,200, UTILITIES INCLUDED (BOTH UNITS ON SIGNED LEASES). 37 PARKING TENANTS @ $35/MONTH = ADDITIONAL $1,295/MONTH, POTENTIAL ADDITIONAL INCOME WITH 3RD SHIFT (17 TENANTS = $595). THIS OPPORTUNITY OFFERS A 7.5% CAP RATE WITH ROOM FOR INCREASE, SEE INCOME/EXPENSE STATEMENT. A TRUE MONEY MAKER! 24 HR LTA RULES APPLY. (id:4555)

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