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
Presented By:

Rogan Manokarasingam

Sales Representative

RE/MAX Millennium Real Estate, Brokerage*