Property Specs:
Price$999,900.00
CityChatham, ON
Address41 FOURTH STREET
Listing ID24023491
ConstructionBrick
FlooringCushion/Lino/Vinyl
ParkingOther
StatusFor sale
Extended Features:
Equipment Water HeaterOwnership FreeholdRental Equipment Water HeaterBuilding Amenities Shopping AreaFoundation Concrete, UnknownHeating Forced airHeating Fuel Natural gas
Details:
Introducing an exceptional investment opportunity in the heart of downtown! This fully renovated 16-room rental building features a prime commercial space at the front, complemented by two storeys of residential units, 3 kitchens and 4 baths. With a total of 5,100 sq. ft., including 1,848 sq. ft. of commercial space and 3,250 sq. ft. of residential living, this full brick building is perfectly positioned close to all amenities. The property boasts an impressive cap rate of over 10%, making it an excellent choice for savvy investors looking to maximize their returns. Don’t miss your chance to own a piece of downtown real estate with great potential! Please allow 36 hours for viewings! Tenant occupied! (id:4555)
