266 Grand AVENUE West, CHATHAM

2024-08-08
 

Quick Summary

Location
266 Grand AVENUE West, CHATHAM, Ontario N7L1C1
Price
$599,000 CAD
Status:
For Sale
Property Type:
Multi-family
Year of Construction:
1900

MLS®#24018163

Property Description

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:32467)

Property Features

Building

  • Cooling Type: Central air conditioning
  • Exterior Finish: Aluminum/Vinyl, Brick
  • Fireplace: No
  • Flooring Type: Hardwood, Laminate, Cushion/Lino/Vinyl
  • Building Type: Triplex
  • Stories: 2

Land

  • Land Size: 80.56 x Irregular|1/2 - 1 acre

Ownership

  • Type: Freehold

Zoning

  • Description: UC (HC1)

Information entered by NEST REALTY INC.
Listing information last updated on: 2024-09-09 14:15:09


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$500,000

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Laurie Arruda Salesperson

Phone:
5199194773
Email:
lauriearruda1@gmail.com
Support Area:
Windsor, Essex County, Chatham-Kent

A Real Estate professional in the Windsor – Essex County and surrounding areas for the last 17 yea ...

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