2269-71 Howard Avenue,Windsor, ON N8X3V2
Windsor, ON N8X3V2
Description
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! (id:13843)
Details
| MLS # | X13757632 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 42 |
| Listing Provided By | RE/MAX MILLENNIUM REAL ESTATE | SHAHMIR AHMED MEMON |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 5 Total |
| SQ Feet | 2,000 |
| Basement | Y |
| Story(s) | 2 |
Interior
| Cooling | Central air conditioning |
|---|---|
| Heating | Forced air, Natural gas |
| Appliances | Washer, Refrigerator, Stove, Dryer, Water Heater |
| Fireplace Yes / No | No |
Exterior
| Security Features | Security system |
|---|---|
| Lot Features | Carpet Free, In-Law Suite |
| Foundation Details | Unknown |
Parking
| Parking Features | No Garage |
|---|---|
| Parking Total | 4 |
Utilities
| Sewer | Sanitary sewer |
|---|---|
| Water Source | Municipal water |
Taxes
| Tax Annual Amount | 4819 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Windsor |
| Postal Code | N8X3V2 |
| Listing VS Median (in N8X3V2) | |
Price: $700,000 low | high Med: $700,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $350 low | high Med: $350 On site: 42 low | high Med: 42 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Windsor |
| Postal Code | N8X3V2 |
| Listing VS Median (in N8X3V2) | |
Price: $700,000 low | high Med: $700,000 sqft: 2,000 low | high Med: 2,000 $ / sqft: $350 low | high Med: $350 On site: 42 low | high Med: 42 | |