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581 Cataraqui St 18 Unit Apartment Building $2,400,000 CAD ($133,333 CAD/Unit) 6.15% Cap Rate Windsor, ON N9A 3P2
Executive Summary
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 .Solid cash flow figures available upon request. Don't miss out on this turn-key investment opportunity in a high traffic location!! (id:56241)
Property Facts
| Price | $2,400,000 CAD | Property Subtype | Apartment |
| Price Per Unit | $133,333 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 6.15% | Building Size | 12,162 SF |
| Sale Condition | Court Appointed Sale | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1923 |
| Zoning | RD3.1 - Restricted Density Dwelling | ||
| Price | $2,400,000 CAD |
| Price Per Unit | $133,333 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Sale Condition | Court Appointed Sale |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 12,162 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1923 |
| Zoning | RD3.1 - Restricted Density Dwelling |
Amenities
Site Amenities
- Courtyard
- Fenced Lot
- Laundry Facilities
- Recycling
- Smoke Free
- Storage Space
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Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
40/100
Moderately bikeable
70/100
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581 Cataraqui St
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