266 Grand AVENUE West, Chatham, Ontario, CA

Address: 266 Grand AVENUE West, Chatham, Ontario

0 Beds0 Baths0 sqftStatus: Buy
Price $599,000

Property Overview


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:51532)

 

Tags




Property Summary
Property Type
Multi-family
Building Type
Triplex
Storeys
2
Title
Freehold
Land Size
80.56 x Irregular|1/2 - 1 acre
Built in
1900
Parking Type
Other(6)
Building
Interior Features
Flooring
Hardwood, Laminate, Cushion/Lino/Vinyl
Building Features
Foundation Type
Block, Concrete
Rental Equipment
Water Heater - Gas
Heating & Cooling
Cooling
Central air conditioning
Heating Type
Furnace
Exterior Features
Exterior Finish
Aluminum/Vinyl, Brick
Parking
Parking Type
Other(6)
Land
Other Property Information
Zoning Description
UC (HC1)
Features
           Other(6)            Central air conditioning
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Your Home Finance Calculation

Property Price CA $599,000
Bank Loan Amount CA $0
Monthly Installment CA $0

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