$599,000
FOR SALE

Triplex

266 Grand Avenue West
Chatham, ON N7L 1C1

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:47421)
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Listed By NEST REALTY INC.
Data Provided By Chatham Kent Association of REALTORS®
MLS® Listing Number 24018163
Last Updated Sep 09, 2024
Property Summary
Property Type Triplex

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Price History

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Detailed Information
Equipment Water Heater - Gas
Location Description Take Grand Ave W past Lacroix. Turn left onto the side street beside RestorFX. Driveway on the right-hand side.
Ownership Type Freehold
Property Type Multi-family
Rental Equipment Water Heater - Gas
Transaction Type For sale
Zoning Description UC (HC1)
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 Spaces
Name Spaces
Other6
Land
Total Size 80.56 x Irregular | 1/2 - 1 acre
Size of Irregular Land 80.56 x Irregular

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