2269-71 HOWARD AVENUE

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:67197)

Price

$700,000

Property Type

Multi-family

Transaction Type

For sale

Bedrooms

6

Bathrooms

5

Parking

4

MLS® Number

X13757632

Interior Size

2000 - 2500 sqft

Building Type

Fourplex

Bedrooms Above Grade

6

Bathrooms

5

Basement

N/A (Finished)

Basement Development

Finished

Cooling

Central air conditioning

Exterior Finish

Brick, Aluminum siding

Fireplace

No

Foundation

Unknown

Heating Fuel

Natural gas

Heating

Forced air

Interior Size

2000 - 2500 sqft

Stories

2

Water

Municipal water

Size Frontage

37 ft ,3 in

Size Depth

96 ft ,7 in

Acreage

No

Sewer

Sanitary sewer

Amenities Nearby

Public Transit

• Carpet Free
• In-Law Suite
• Public Transit
• Deck
• Porch