For Sale · Multifamily

152-158 CAMPBELL, Windsor

152-158 CAMPBELL, Windsor, ON N9B2H2

$649,900 total

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Asset Class

Multifamily

Size

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Building class

A

Zoning

RA9 — High Rise

$ / SF

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Occupancy

95%

About this property

Solid brick four-unit investment property in a great location directly across from the park and just steps to Riverside Drive, riverfront parks and walking trails, with the University of Windsor nearby. All four one-bedroom units are currently rented. Separate hydro meters with updated panels, four parking spaces. Full basement with storage and common laundry area. Two units have separate forced-air furnaces, while the remaining two share a hot-water heating system. Two units have been renovated within the past 8 years, with the other two offering excellent future value-add potential. Roof, soffits and eaves replaced within the last 5 years, with new windows and exterior doors. Great opportunity to own a fully occupied four-unit building with future upside. (id:66811)

Financial sandbox

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Estimate
Purchase price$650K
Down payment30% · $195K
Interest rate6.25%
Amortization25 years
Occupancy95%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$30K

Annual cash flow

$-6K

Cash-on-cash

-3.12%

DSCR

0.83

Going-in cap

4.61%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Area demographics

Trade area within 3 miles of the property.

Population

53,799

Households

25,180

Median income

$100,000

Median age

42.9

Daytime population

80,312

5-yr growth

9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 152-158 CAMPBELL, Windsor.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.