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:4069)
Address
531 MILL STREET
List Price
$2,179,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Windsor
Lot Size
90 FT FRONTAGE X N/A / 0.291 AC Sq. Ft.
MLS® Number
26012867
Listing Brokerage
MANOR WINDSOR REALTY LTD.
Postal Code
N9C2R7
Zoning
RD3.1
