266 Grand Avenue West Chatham, ON
$599,000
PROPERTY INFO
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:4555)
PROPERTY SPECS
Listing ID 24018163
Address 266 Grand AVENUE West
City Chatham, ON
Price $599,000
Construction Aluminum/Vinyl, Brick
Flooring Cushion/Lino/Vinyl, Hardwood, Laminate
Land Size 80.56 x Irregular
Type Triplex
Status For sale
EXTENDED FEATURES
Year Built 1900Equipment Water Heater - GasOwnership FreeholdRental Equipment Water Heater - GasCooling Central air conditioningFoundation Block, ConcreteHeating FurnaceHeating Fuel Natural gas Date Listed 2024-08-08 16:02:08Days on Market 137
LISTING OFFICE:
Nest Realty Inc., Meg Lyttle
REQUEST MORE INFORMATION
Listing Agent: Meg Lyttle
Listing Agency: Nest Realty Inc.
