2269-71 Howard Avenue Windsor, Ontario N8X 3V2

$700,000

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:55460)

Property Details

MLS® Number	X13757632
Property Type	Multi-family
Community Name	Windsor
Amenities Near By	Public Transit
Features	Carpet Free, In-law Suite
Parking Space Total	4
Structure	Deck, Porch

Building

Bathroom Total	5
Bedrooms Above Ground	6
Bedrooms Total	6
Amenities	Separate Electricity Meters
Appliances	Water Heater, Dryer, Stove, Washer, Refrigerator
Basement Development	Finished
Basement Features	Walk Out
Basement Type	N/a (finished)
Cooling Type	Central Air Conditioning
Exterior Finish	Brick, Aluminum Siding
Fire Protection	Security System
Flooring Type	Hardwood
Foundation Type	Unknown
Heating Fuel	Natural Gas
Heating Type	Forced Air
Stories Total	2
Size Interior	2,000 - 2,500 Ft2
Type	Fourplex
Utility Water	Municipal Water

Parking

No Garage

Land

Acreage	No
Land Amenities	Public Transit
Sewer	Sanitary Sewer
Size Depth	96 Ft ,7 In
Size Frontage	37 Ft ,3 In
Size Irregular	37.3 X 96.6 Ft
Size Total Text	37.3 X 96.6 Ft|under 1/2 Acre

Rooms

Level	Type	Length	Width	Dimensions
Main Level	Living Room	4.93 m	3.38 m	4.93 m x 3.38 m
Main Level	Bedroom	3.38 m	2.67 m	3.38 m x 2.67 m
Main Level	Bathroom	1.63 m	1.57 m	1.63 m x 1.57 m
Main Level	Kitchen	3.38 m	3.53 m	3.38 m x 3.53 m
Main Level	Living Room	3.86 m	3.78 m	3.86 m x 3.78 m
Main Level	Bedroom 2	3.68 m	3.1 m	3.68 m x 3.1 m
Main Level	Bathroom	2.44 m	1.8 m	2.44 m x 1.8 m
Main Level	Kitchen	1.98 m	3.35 m	1.98 m x 3.35 m

https://www.realtor.ca/real-estate/30249388/2269-71-howard-avenue-windsor-windsor