The Real Group
180 Tecumseh Road East, Windsor, Ontario N8X 2P8 (26115332)
180 Tecumseh Road East Windsor, Ontario N8X 2P8
$2,999,999
RARE OPPORTUNITY TO OWN A ROCK SOLID 21 UNIT BUILDING IN POPULAR RENTAL AREA. 3 STOREY BUILDING WITH 15 APARTMENTS AND 6 COMMERCIAL UNITS. 15 APARTMENTS ARE COMPRISED OF 11-1 BEDROOMS AND 4-2 BEDROOMS INCLUDING 1 MEGA UNIT THAT WAS CONSTRUCTED FOR A PREVIOUS OWNER OCCUPANT. TONS OF UPDATES OVER THE LAST 10 YEARS INCLUDING ALMOST EVERY APARTMENT UNIT. APARTMENTS WERE CONVERTED FROM ELECTRIC BASEBOARD HEAT TO DUCTLESS GAS HEATERS. COMMON HALLWAYS AND STAIRWELLS WERE RENOVATED IN THE LAST YEAR. 6 COMMERCIAL UNITS FULLY RENTED ON TERM LEASES. LOTS OF UPSIDE LEFT ON RESIDENTIAL RENTS. OFFERED AT AN IMPOSSIBLE TO FIND 6% EXISTING CAP RATE. CONTACT LS FOR FINANCIALS. (id:54139)
Property Details
| MLS® Number | 23019927 |
| Property Type | Multi-family |
Building
| Amenities | Laundry Facility |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum/vinyl, Brick |
| Flooring Type | Ceramic/porcelain, Laminate |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Ductless, Furnace, Space Heater |
| Stories Total | 3 |
Parking
| Other | 22 |
Land
| Acreage | No |
| Size Irregular | 117.26 X Irreg |
| Size Total Text | 117.26 X Irreg |
| Zoning Description | Cd2.1 |
https://www.realtor.ca/real-estate/26115332/180-tecumseh-road-east-windsor
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October 05 2023 11:09:44
Windsor-Essex County Association of REALTORS®
RE/MAX Preferred Realty Ltd. - 585