Quick Summary
Quick Summary
- Cashflow positive investment property
- Conveniently located across from university
- Solid 3-storey building in excellent condition
- Offers 9 bedrooms, 3 baths, 2 kitchens
- Includes 3 laundry areas and parking for 6 cars
- Gross income of $81,600 and NOI of $65,556
- Cap rate of 6.6% for strong return on investment
- Upgrades include new bathrooms, roof, HVAC
ATTENTION INVESTORS! DO NOT MISS OUT ON THIS CASHFLOW POSITIVE PROPERTY LOCATED DIRECTLEY ACROSS FROM THE UNIVERSITY OF WINDSOR. 528 CALIFORNIA IS A SOLID 3 STOREY BUIDING AND EXTREMLEY WELL MAINTINED. OFFERING 9 BEDROOMS, 3 BATHS, 2 KITCHENS, 3 LAUNDRY AREAS & PARKING FOR 6 CARS. GROSS INCOME IS $81,600 & NOI IS $65,556 WITH A CAP RATE... Show More
ATTENTION INVESTORS! DO NOT MISS OUT ON THIS CASHFLOW POSITIVE PROPERTY LOCATED DIRECTLEY ACROSS FROM THE UNIVERSITY OF WINDSOR. 528 CALIFORNIA IS A SOLID 3 STOREY BUIDING AND EXTREMLEY WELL MAINTINED. OFFERING 9 BEDROOMS, 3 BATHS, 2 KITCHENS, 3 LAUNDRY AREAS & PARKING FOR 6 CARS. GROSS INCOME IS $81,600 & NOI IS $65,556 WITH A CAP RATE OF 6.6%. EACH BEDROOM COMES WITH A SINGLE BED, FRIDGE, NEW WORK DESK AND CHAIR. THE 3RD STOREY IS READY TO BE FINISHED & COULD FIT 2 MORE BEDROOMS AND 1 BATHROOM FOR AN EVEN GREATER ROI. UPGRADES INCLUDE 2 NEW BATHROOMS, NEWER ROOF, AIR CONDITIONING, FURNACE, TANKLESS HOT WATER HEATER (OWNED) & UPGRADED ELECTRICAL SERVICE. IN TOTAL THERE IS 10 FRIDGES, 9 BEDS, 9 DESK & CHAIRS,3 WASHERS, 3 DRYERS & 2 STOVES INCLUDED. CONTACT LSITING AGENT TODAY FOR YOUR PRIVATE SHOWING. (id:54626)
Property Details
Size
Parking
Build
Heating & Cooling
Rooms
Balcony
Other
Laundry room
Laundry
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Bedroom
Ownership Details
Ownership
Book A Private Showing
For Sale Nearby
Sold Nearby
- 6
- 2
- 4
- 3
- 6
- 2
- 700 - 1,100 Sq. Ft.
- 2
- 1
- 7
- 4
- 4
- 1
- 6
- 2
- 5
- 2
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