266 Grand Avenue West Chatham, Ontario N7L 1C1
$599,000
Turnkey investment opportunity, fully occupied Triplex with strong cash flow and NOI. Well maintained, backing onto the Thames River, zoned urban commercial, with endless income opportunities and potential uses. Currently set up as 3 separate units. Main floor unit is a well appointed 2 bed plus bonus room, renting for $1485 a month, all incl. Cozy basement unit recently renovated, renting for $1076 a month, all incl. Upper unit is very spacious with future potential as it has an additional floor that is not currently utilized. Renting for $830 plus hydro and gas. All units are occupied and rents are paid on time. Annual gross income of $40,692. Estimated annual expenses of $9832, with an approx. NOI of $30,860. Please allow a MINIMUM of 24 hours notice for ALL showings. (id:60234)
Property Details
| MLS® Number | 24018163 |
| Property Type | Multi-family |
| Equipment Type | Water Heater - Gas |
| Rental Equipment Type | Water Heater - Gas |
Building
| Constructed Date | 1900 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Aluminum/vinyl, Brick |
| Flooring Type | Hardwood, Laminate, Cushion/lino/vinyl |
| Foundation Type | Block, Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Furnace |
| Stories Total | 2 |
| Type | Triplex |
Parking
| Other | 6 |
Land
| Acreage | No |
| Size Irregular | 80.56 X Irregular |
| Size Total Text | 80.56 X Irregular|1/2 - 1 Acre |
| Zoning Description | Uc (hc1) |
Contact Us
Contact us for more information
Meg Lyttle
Broker of Record
(519) 354-7476
150 Wellington St. W.
Chatham, Ontario N7M 1J3
(519) 354-7474
(519) 354-7476
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September 09 2024 02:15:09
Chatham Kent Association of REALTORS®
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