Property Specs:
Price$599,000.00
CityChatham, ON
Address266 Grand AVENUE West
Listing ID24018163
ConstructionAluminum/Vinyl, Brick
FlooringCushion/Lino/Vinyl, Hardwood, Laminate
ParkingOther
Land Size80.56 x Irregular
TypeTriplex
StatusFor sale
Extended Features:
Equipment Water Heater - GasOwnership FreeholdRental Equipment Water Heater - GasCooling Central air conditioningFoundation Block, ConcreteHeating FurnaceHeating Fuel Natural gas
Details:
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)
