Apartment Building For Sale
Location Ontario,Canada
Asking Price Range $500K - $1.0M
Gross Revenues $125000
Net Profit / Cash Flow $85000
Cash Flow Type Sellers Discretionary Cash
Seller Finance Not Disclosed
Year Established 1990
Number of Employees 1 - 3
Relocatable No
Number of Employees 1 - 3
Real Estate Owned
Description 32 apartments renovated building in north end of Windsor, 2 km west of Ambassador Bridge. Electric heating. The building is 35 years new, recently renovated. 35 parking spots.
Local economy is definitely improving. New bridge is to be built to the USA.
It's good time to invest in Windsor. Only $25,000 per apartment, the lowest cost per unit in this town. Compare it with $80,000 per apartment in Toronto.
Asking $800,000 with $100,000 down payment. Property taxes $48,314. 1st mortgage can be assumed $550,000 at 3.5% interest. Seller will hold 2nd mortgage for the balance.
Email or call Andrew Sobczak at 705 543 1341 for more information on this apartment building for sale.
Click Here To Contact Seller
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