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531 MILL STREET
Description
Welcome to 531 Mill street. This Three-storey, 12-unit brick apartment building is located in one of Windsor's most reliable rental corridors near the University of Windsor. This solid, well-maintained property offers eight 2-bedroom units, two 3-bedroom units, one 1-bedroom unit, and one bachelor suite. The building is 11 of 12 units tenanted, with one vacant bachelor suite ready to lease, allowing the new owner to set their own market rent while stepping into a near-stabilized income property. On-site parking adds valuable convenience for tenants. The building is serviced by a functional boiler heating system. Twelve new individual hydro meters provide separate metering for each unit, reducing landlord utility costs and increasing tenant accountability. Assumable 4.25% fixed mortgage with ~9.5 years left-offering strong financial advantage in today's rates. CMHC-insured, this property provides immediate cash flow and long-term investment potential. Contact us today! (id:67713)
Property details
- Property type
- Multi-family
- Building type
- Multi-Family
- Lot size
- 90 FT FRONTAGE X N/A / 0.291 AC
- Parking
- Other
- Heating
- Radiant heat, Boiler, Natural gas
- MLS® number
- 26019614
Mortgage calculator
Estimate only, using Canadian semi-annual compounding. Excludes property tax, home insurance and mortgage default insurance (required with less than 20% down). Talk to a lender for an exact quote. More calculators: insurance, affordability, land transfer tax →
Location
Listed by: MANOR WINDSOR REALTY LTD.. Data provided via CREA’s DDF® and deemed reliable but not guaranteed. The information contained on this site is based in whole or in part on information that is provided by members of The Canadian Real Estate Association, who are responsible for its accuracy. CREA reproduces and distributes this information as a service for its members and assumes no responsibility for its accuracy.