Property Description for 781 CHURCH STREET
Welcome to 781 Church Street, Windsor, Ontario Legal Fourplex Investment OpportunityThis fully legal fourplex is a rare find in the heart of Windsor, offering a blend of strong rental income, modern updates, and future growth potential.Property Features:Unit Mix:Two spacious 3-bedroom unitsTwo well-designed 1-bedroom unitsSeparate Hydro Meters: Each unit has its own electricity meter, maximizing efficiency and tenant responsibility.Rental Income & Tenancy:3-Bedroom Unit 1: $2,250/month3-Bedroom Unit 2: $2,150/month1-Bedroom Unit 1: $1,400/month1-Bedroom Unit 2: $775/month (tenant transitioning; market potential $1,200$1,400/month)Current Total Monthly Rent: $6,575Projected Total Monthly Rent: $7,000$7,300Three tenants are new renters, while one has a longer tenancy history, ensuring a balance of stability and potential upside.Recent Upgrades & Maintenance:All four units have been freshly paintedThree units feature newly updated kitchensBrand new roof installed (valued at $25,000)Numerous extensive maintenance improvements throughout the propertyThis property delivers strong income today with additional upside potential, making it an ideal choice for investors seeking a turnkey, income-generating opportunity in Windsors thriving rental market. (id:38686)
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Property Details
Property Tax
: $3,500MLS® #
: X12348832
Home Features
Property Type
: Single Family
Interior Features
Heating
: Forced air, Natural gasFireplace
: YesBasement
: Crawl space
Utilities
Sewer
: Sanitary sewer
Other
Parking Features
: No GarageExterior Features
: Aluminum siding
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