266 Grand AVENUE West, Chatham, Ontario
$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. (id:56241)
- Listing ID: 24018163
- Property Type: Multi-family
- Year Built: 1900
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property for sale is located at 266 Grand AVENUE West in Chatham Ontario. It was last modified on August 8th, 2024. Contact us to schedule a viewing or to discover other Chatham real estate for sale.