Prado Place, Windsor
- Pocket listing, off market Triplex
- Bought via bank mortgage at asking price of $510,000
- Unit #1 – 1 bed, 1 bath very under rented at $780/mth – retained tenant
- Unit #2 – 2 bed, 1 bath vacant at closing
- Unit #3 – 1 bed, 1 bath close to market rent at $950/mth – retained tenant
- Units 1 and 3 still tenanted
- Unit 2 painted and flooring throughout
- Unit 2 added in-suite laundry
- Unit 2 rented for $1250.00
- Will turn over other units in time
- Currently no plan to refinance.
- Rents $2980, expenses $2390, current cash flow $590
Before & After
