266 Grand AVENUE West

Chatham, Ontario, N7L1C1, Canada

$599,000

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.

Last updated on : Monday 9th of September 2024 10:15:09 AM

ADDRESS

Street : 266 Grand AVENUE West

City : Chatham

Province : Ontario

Country : Canada

Postal Code : N7L1C1

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PROPERTY SUMMARY

Property ID : 24018163

Building Type : Triplex

Property Type : Multi-family

Parking : 6

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