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Investment signal

$349,700

294 LOUIS AVENUE

Save this home

Beds

Baths

Sqft

Year

Type

Multi-family

Suite

Investment signal

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Windsor. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

About this home

Spacious home located steps away from the City's waterfront and spectacular Detroit skyline! This stylish property features two units (2 bedroom & 3 bedroom) each with 2 separate points of access as well as recently redone floors, separate laundry and extensive renovations throughout. Main unit is currently tenanted, second unit is vacant and could be your home or an excellent investment opportunity! This is definitely a must see and close to all amenities: schools, stores, riverside, etc! Don't miss the opportunity to experience all this home has to offer. (id:65958)

Subtype
Multi-family
Structure
Duplex
Common interest
Freehold
Lot dimensions
41 X 113 FT
Stories
1.5
On market
Apr 28, 2026
Status changed
Apr 29, 2026
Zoning
RD2.2
Photos
24
MLS#
26009406
Area
WINDSOR

Features and systems

Parking

Other

Heating

Forced airNatural gasFurnace

Exterior

Aluminum/Vinyl

Flooring

Cushion/Lino/Vinyl

Foundation

Block
Positive cash flow ~$185/mo at these assumptions

Cash on cash

3.18%

Cap rate

5.50%

GRM

12.1

Break-even rent

$2,205

Financing

Down payment$69,940
Loan amount$279,760
Mortgage$1,418/mo

Operating expenses (monthly)

Property tax(est. 0.55%/yr (AB avg))$160
Insurance$80
Maintenance$291
CapEx reserve$146
Vacancy loss$120

Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.

Location nearby

Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Windsor. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.

Mortgage estimate

Estimated $1,418/mo at 4.5% with 20% down, 30-yr amortization.Estimate only — actual payment varies by qualification + insurance.

Listing brokerage

Listing brokerage on file

Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 29, 2026.

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