1603-1611 UNIVERSITY AVENUE West - $475,000.00


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Property Specs

Price$475,000.00
CityWindsor, ON
Address1603-1611 UNIVERSITY AVENUE West
Listing ID26023803
ConstructionBrick
FlooringMixed Flooring
ParkingOther
Land Size40 X 150 FT
TypeFourplex
StatusFor sale

Extended Features:

Ownership FreeholdBuilding Amenities Shopping AreaFoundation UnknownHeating Forced air, Radiant heatHeating Fuel Electric, Natural gas

Details:

TURN KEY INVESTMENT OPPORTUNITY WITH PROMISING $66,000 ANNUAL GROSS RENTAL INCOME (APPROX) IN A HIGH-DEMAND CORRIDOR! THIS MIXED USE 4-UNIT PROPERTY FEATURES A 12 CAR PAVED PARKING LOT AND IS PROMINENTLY SITUATED AT A CORNER LOCATION. THIS 2 STOREY BUILDING WITH FULL BASEMENT IS ZONED CD2.2 AND BENEFITS FROM EXCELLENT VISIBILITY, STRONG RENTAL DEMAND, UPDATED STREET/SIDEWALK IMPROVEMENTS, WALKING DISTANCE TO UNIVERSITY OF WINDSOR AND CONVENIENT ACCESS TO PUBLIC TRANSIT. THE MAIN FLOOR FEATURES TWO COMMERCIAL UNITS SUITED FOR PROFESSIONAL OFFICE OR RETAIL USE, ONE UNIT IS CURRENTLY OWNER OCCUPIED. THE SECOND FLOOR CONSISTS OF TWO NEWLY REFURBISHED, FRESHLY PAINTED SELF-CONTAINED 2-BEDROOM RESIDENTIAL UNITS, NEW OWNER HAS THE FLEXIBILITY TO SELECT TENANTS AND ESTABLISH CURRENT RENTAL RATES OFFERING EXCELLENT INCOME AND UPSIDE POTENTIAL. 4 ELECTRICAL METERS, NEWER ENERGY-EFFICIENT FURNACE AND CENTRAL AIR FOR THE COMMERCIAL UNITS, NEWER ENERGY EFFICIENT GAS HOT WATER TANK OWNED. BUYER TO COMPLETE THEIR OWN DUE DILIGENCE. SELLER HAS THE RIGHT TO ACCEPT OR REJECT ANY AND ALL OFFERS. (id:4555)
LISTING OFFICE:
Buckingham Realty, Mary Ann Marietti

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