36-74 Hanna Street W. Downtown (Windsor, Ontario, CA - N8X 1C8) Built

$5,495,000

Bob Pedler Real Estate Limited

Julia McClelland Julia McClelland 519 990 1928 (Cell) Request More Info

  • Type: Multifamily
  • Style: Multiplex
  • Bedrooms: 31
  • Bathrooms: 30
  • Development Level: Built
  • Lot Size: 0.246 acres
  • Year Built: n/a "Unknown"
  • Taxes: $41,881.71 (2021)
  • MLS ® #: 22010532

Description

Legacy Creating Investment Opportunity with excellent upside potential. This package of 2 side by side, stunning 3-story walk-up buildings includes 30 spacious units in a highly desirable and convenient location close to Windsor's core. All tenants pay their own hydro. The average monthly rent per unit of 912.36 allows for tremendous upside potential on turnover to market rents. The estimated current upside potential of 100k+ net per year is based on 1200 per month per unit! Many renovations completed in the last 5 years including City approved the addition of 2 units (30th unit currently being completed) full professional renovation of 8 of the units in the last 2 years and upgrades to many others in the last 5+ years, the addition of new laundry room (74 building) updates to common areas including LED lighting for efficiency, new roof (74 building), and video security systems, and more. Opportunities like this are rare and offers are being reviewed on an as-received basis. Call today.

Attachments

Brokered and Advertised by : Keller WIlliams Lifestyles Realty Brokerage
P2#518289246
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