$2,249,000

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:64343)

Property Details

MLS® Number	26009533
Property Type	Multi-family
Equipment Type	Water Heater
Rental Equipment Type	Water Heater

Building

Exterior Finish	Brick
Flooring Type	Hardwood, Laminate, Other, Cushion/lino/vinyl
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Boiler, Radiant Heat
Stories Total	3
Type	Multi-family

Parking

Other

12

Land

Acreage	No
Size Irregular	90 Ft Frontage X N/a / 0.291 Ac
Size Total Text	90 Ft Frontage X N/a / 0.291 Ac
Zoning Description	Rd3.1

https://www.realtor.ca/real-estate/29671838/531-mill-street-windsor