Quick Summary
Quick Summary
- Cash flow positive investment property
- Solid 3-storey building in excellent condition
- Offers 9 bedrooms, 3 baths, 2 kitchens
- Provides parking for 6 cars
- Generates $81,600 in gross income
- Achieves $65,556 in net operating income
- Boasts 7.7% capitalization rate
- Includes numerous property upgrades
ATTENTION INVESTORS! DO NOT MISS OUT ON THIS CASH FLOW POSITIVE PROPERTY LOCATED DIRECTLY ACROSS FROM THE UNIVERSITY OF WINDSOR. 528 CALIFORNIA IS A SOLID 3 STOREY BUILDING AND EXTREMELY WELL MAINTAINED. 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 CASH FLOW POSITIVE PROPERTY LOCATED DIRECTLY ACROSS FROM THE UNIVERSITY OF WINDSOR. 528 CALIFORNIA IS A SOLID 3 STOREY BUILDING AND EXTREMELY WELL MAINTAINED. 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 7.7%. 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 LISTING 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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