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Kris Ramotar

krisramotar@gmail.com +1(519) 259-9310

$ 700,000

Est. payment | -/mo

6 Beds

5 Baths

2,000 SqFt

Save

$ 700,000

Est. payment | -/mo

Save

6 Beds

5 Baths

2,000 SqFt

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Approx. Sqft 2000 - 2500

Square Footage 2,000 sqft

Price per Sqft $350

Subdivision Windsor

MLS® Listing ID X13757632

Bedrooms 6

Property 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:24570)

Location

Province ON

Rooms

Kitchen 2.0

Extra Room 1 Main level 4.93 m X 3.38 m Living room

Extra Room 2 Main level 3.38 m X 2.67 m Bedroom

Extra Room 3 Main level 1.63 m X 1.57 m Bathroom

Extra Room 4 Main level 3.38 m X 3.53 m Kitchen

Extra Room 5 Main level 3.86 m X 3.78 m Living room

Extra Room 6 Main level 3.68 m X 3.1 m Bedroom 2

Interior

Heating Forced air

Cooling Central air conditioning

Flooring Hardwood

Exterior

Parking Features No

View Y/N No

Attached Garage No

Total Parking Spaces 4

Garage No

Private Pool No

Building

Story 2

Sewer Sanitary sewer

Listed by RE/MAX MILLENNIUM REAL ESTATE

NEARBY SCHOOL & BUSINESS

+1(519) 259-9310

krisramotar@gmail.com

893 Southwood Dr, Belle River, Ontario N0R1A0, CAN

2269-71 HOWARD AVENUE Windsor, ON N8X3V2