BRAND NEW Reconstructed/Rebuilt 12 Unit Multi-Residential building completed in March 2024. Where luxury meets convenience. Property is Fully Tenanted! Building consist of 6 - One Bedroom Units and 6 - Bachelor Units. Bank Appraisal at $3.1M. Selling BELLOW Appraised value! Gross Annual revenue around $200k with current Cap Rate of 5.7%. Projected Cap Rate at 7.2% in Year 2026. New Re-construction Doesn't Fall Under Ontario Rent Control. All units finished with Well-Equipped Kitchen & Modern 3-Piece Bathroom. Add this Brand-New Turn-Key 12 Unit Multi-Family Property to your real estate investment portfolio. Steps to Stellantis Chrysler Plant, McDonalds, Tim Hortons, Burger King, close to Windsor Regional Hospital, Stellantis Battery Plant, Metro Grocery, Ceasers Palace, Detroit-Windsor Tunnel. High-Tech Network System - Keyless Entry System throughout the Building and Units - No Keys Required! On-Site coin-operated Laundry Room. Financial Information Available. **** EXTRAS **** All 12 Units Above Ground! 12 Stainless Steel Fridge, 12 Stainless Steel Microwave/Hood, 12 Cooktops (id:4069)
Address
1804 DROUILLARD ROAD
List Price
$2,895,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
Windsor
Bedrooms
12
Bathrooms
12
Floor Area
5,000 Sq. Ft.
Lot Size
45 x 100 FT Sq. Ft.
MLS® Number
X9236147
Listing Brokerage
RIGHT AT HOME REALTY
Basement Area
Partial (Finished)
Postal Code
N8W3X5
Site Influences
Hospital, Public Transit, Schools, Place of Worship
Features
Sump Pump
Amenities
Separate Heating Controls
