Flip & BRRRR Potential, Merged Title in Windsor Assigned

  • $420,000
Assigned

This is your chance to own two properties on two separate addresses and lots, which merged title into 1 and potential to sever and develop in the heart of Downtown Windsor. Within 2 minute walking distance is the busy Wyandotte Street with tons of small and large restaurants, banks, retail stores, grocery stores, and much more. With both properties zoned as RD3.1, this provides prime development potential allowing for up to 4 units being built on each respective address. Frontage for 241 Tuscarora St is nearly 70ft with the property being built towards one side of the lot thus providing potential for severance (buyer to confirm), while frontage for 221 Tuscarora is 30ft.

This is a rare opportunity to purchase two properties in Windsor for only a price of $220,000 each! There is multiple exit-opportunities and investment strategies with these properties- don’t miss out!

Take advantage of these amazing undervalued properties with separate lots and addresses, merged into one title. This property has endless potential and can fit into several different investment strategies. Being centrally located to within a minute walk to several major amenities, restaurants, groceries etc. this property would make an excellent Airbnb. Moreover, the property is within a 15 minute to the Downtown Campus of the University of Windsor, making it a possible cash-cow student rental. Moreover, with the RD3.1 zoning, this provides investors to potentially build up to 4 units per lot (buyer to verify). Lastly, with 241 Tuscarora St having a 70ft frontage and with the property being built on one side of the lot, buyers can explore severance for vacant land (buyer to confirm). In total, the properties have 100ft frontage.

Note that the 223 Tuscarora St is tenanted at $1100+utilities per month, while 241 Tuscarora St is vacant. Per the seller, 223 Tuscarora may be vacant by the end of September (no guarantees) as the tenant has shown interest in leaving; however, the buyer must agree to assume tenant for 223 Tuscarora.

This property perfectly fits the model for a fix-and-flipper, BRRRR investor, developer, or individuals looking for value add opportunities such as severance plays. 2closing, thus providing investors the opportunity to get started on renovations and executing their chosen strategy immediately after closing.

With many renovated single family homes selling over $300,000 around the area, this property serves as an amazing opportunity to any level of investor!

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PROPERTY FEATURES:

  • 2x Single Family Home
  • Both Detached
  • Both houses are 3 bed + 1 bath
  • Both houses are crawl space
  • Both have owned hot water tank
  • 223 Tuscarora is tenanted at $1100 + utilities
  • Electric heater in both units + gas wall heater
  • Copper electrical and breaker panel
  • Kitchen cabinet is solid oak
  • 223 Tuscarora lot size: 29.99ftx54.58ft
  • 241 Tuscarora lot size: 69.82ftx54.58ft
    • House built on one side of lot
  • Zoned RD3.1

 

Price:
$420,000
Address:
Windsor
Terms:
Assignment of Contract
Property Type:
Home

Call 647-933-5598 for more details