2269-71 Howard Avenue, Windsor, Ontario, Canada, N8X3V2
700,000
for Sale
6
5
2000-2500
About the property:
Invest In A Turnkey, Cash-Flowing Fourplex In The Heart Of Central Windsor! Featuring Four Self-Contained 1-Bedroom, 1-Bathroom Units, Each With Its Own Living Room, Kitchen And Upgraded Appliances. Current Rents Are Unit 1: $1,150 + $50 Wi-Fi, Unit 2: $1,435, Unit 3: $1,435 + $50 Wi-Fi And Unit 4: $1,435 + $50 Wi-Fi. With The Vacant Lower-Level 2-Bedroom, 1-Bathroom In-Law Suite At An Estimated $1,500/Month, Projected Total Income Is $7,155/Month / $85,860 Annually, With A Projected NOI Of $69,506 And Nearly 10% Pro Forma Cap Rate.The Renovated Lower-Level Walkout Features Its Own Kitchen And Living Room, Offering Additional Rental Upside Or The Flexibility To Occupy The Space. Shared Pay-Per-Use Laundry Provides An Additional Revenue Stream.Ideally Located Near Devonshire Mall, Transit, Shopping, E.C. Row Expressway, Highway 401, Downtown Windsor And The USA Border. Features Include 4-5 Rear Parking Spaces, Exterior PVR Security Cameras, 4 Hydro Meters, 2 Owned Hot Water Tanks And An Owned Furnace. Recent Improvements Include Roof Upgrades And A New Exterior Deck Completed In 2024. A Well-Maintained Income Property Offering Strong Cash Flow, Rental Upside And Excellent Investment Potential. Don't Miss The Opportunity To Add This Turnkey Income-Producing Property To Your Portfolio!
Extra info:
4 Fridges, 4 Stoves, 1 Washer, 1 Dryer
House features:
4 Fridges, 4 Stoves, 1 Washer, 1 Dryer
Fourplex
fourplex
- Property Type:
- Fourplex
- Status:
- for Sale
- House Style:
- fourplex
- Bedrooms:
- 6
- Bathrooms:
- 5
- Land Size:
- 37.25 x 96.59 FT | < .50 acres
- Central A/C:
- Yes
- Parking Places:
- 4
- Heating Type:
- Forced Air
- Heating Fuel:
- Gas
- Cross Street:
- Howard Ave & Logan Ave
- Exterior:
- Brick,Aluminum S
- Basement:
- Finished wit, Finished wit
- Fronting On:
- W
- Possession Date:
- Immediate
- Annual Property Taxes:
- 4,819
- Listing ID:
- X13757632
Rooms
Dimensions
Main
- Living Room
- 4.93m x 3.38m Hardwood Floor
- Bedroom
- 3.38m x 2.67m Hardwood Floor
- Bathroom
- 1.63m x 1.57m 3 Pc Bath
- Kitchen
- 3.38m x 3.53m Stainless Steel Appl
- Living Room
- 3.86m x 3.78m Hardwood Floor
- Bedroom 2
- 3.68m x 3.1m Hardwood Floor
- Bathroom
- 2.44m x 1.8m 3 Pc Bath
- Kitchen
- 1.98m x 3.35m Stainless Steel Appl
Second
- 3.89m x 3.48m Hardwood Floor
- 3.48m x 2.82m Hardwood Floor
- 2.49m x 1.8m 3 Pc Bath
- 3.89m x 3.12m Stainless Steel Appl
- 3.73m x 4.8m W/O To Deck Hardwood Floor
- 2.79m x 3.18m Hardwood Floor
- 1.75m x 1.63m 3 Pc Bath
- 3.53m x 3.53m Stainless Steel Appl
Brokered by:
RE/MAX Millennium Real Estate
Source: TRREB/PROPTX
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