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Commercial view 1
unit
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1036 Drouillard, ($90,000)
Windsor, Ontairo
Financed at 100%, the property runs positive cash flow month after paying property management co and all expenses, including the 11% vacancy rate. With down payment, obviously an increase in cash flow.
Info on the property:
Residential
2 of 3 units have been recently renovated
2 forced air furnaces for the two 2 bedroom units, all have 4 piece bathrooms
Space heater for the 3 bedroom
Tenants have paid their own utilities in the past – and should continue - Separately Metered
Roof is 2 years old
3 bedroom could be rented at $600/month, the two bedrooms could be competitively priced at 500 a month, all 3 units have the tenants paying their own utilities
Commercial
Commercial is vacant - 700 ft commercial
Basement space for storage, Basement has 2 piece bathrooms – used from commercial
Could be rented at least $400 a month
Fire Code upgrades
Recently removed the ceiling in the commercial area, and was fire rated/insulated
In the basement there wasn't insulation – they recently did that
Changed 2-3 doors for fire approval
Parking/Additional Lot (comes with the property)
30 by 110 separately deeded lot – gravel lot, not used at all
Parking is at the front of the building
Taxes: 3400 annual - currently sent through to be reconsidered with the city.
Contact Brian
wallsproperty@gmail.com
| Type: | Triplex | Near School: | |
| Rooms: | Near Transit: | Yes | |
| Bathrooms: | Ocean View: | ||
| Stories: | Lake View: | ||
| Square Feet: | Mountain View: | ||
| Lot Size: | Ocean Waterfront: | ||
| Age of Home: | 60 yrs + | Lake Waterfront: | |
| Fireplaces: | River Waterfront: | ||
| Appliances: | Electric Oven/Range | ||
| Listed by: | Brian Wall (View my listings) |
| View Map: | Click Here to view map of area |