FOR SALE
Brokered by: NEST REALTY INC.
Address: 266 Grand AVENUE West, Chatham
Postal Code: N7L1C1
Style:
Type: Multi-family Triplex
Bedrooms: 0
Bathrooms: 0 / 0
Garage: Other
Lot Size: x
Property Size: 80.56 x Irregular
Stories: 2
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:56071)
Rental Equipment: Water Heater - Gas
Directions: Take Grand Ave W past Lacroix. Turn left onto the side street beside RestorFX. Driveway on the right-hand side.
Zoning Description: UC (HC1)
Lot: 80.56 x Irregular|1/2 - 1 acre 80.56 x Irregular
Exterior Finish: Aluminum/Vinyl, Brick
Flooring: Hardwood, Laminate, Cushion/Lino/Vinyl
Water: ,
Heating / Cooling: Natural gas / Central air conditioning
Age: 1900
Foundation: Block, Concrete
Constructed Date: 1900
Basement:
Sales Representative
RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
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John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.