180 Tecumseh Road East, Windsor, Ontario

$2,999,999

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117.26

Acres

About 180 Tecumseh Road East

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:6289)

Features of 180 Tecumseh Road East

Listing # 23019927
Price $2,999,999
Bathrooms 0.00
Acres 117.26
Type Multi-family
Sub-Type Freehold

Community Information

Address 180 Tecumseh Road East
City Windsor
Province Ontario
Postal Code N8X2P8

Amenities

Amenities Laundry Facility
Parking Other
Is Waterfront No
Has Pool No

Interior

Heating Natural gas Ductless, Furnace, Space Heater
Cooling Central air conditioning
Fireplace No
# of Stories 3
Has Basement No

Exterior

Exterior Aluminum/Vinyl, Brick
Foundation Block

Listing Details

OfficeRE/MAX PREFERRED REALTY LTD. - 585

Listing Map

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