266 Grand Avenue West Chatham, ON N7L 1C1

Active (109 Days)

$599,000

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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.

MLS®:
24018163

Taxes
$3,667(2024)

Lot Size
0.51 acres

Type
Multifamily

Year Built
1900

County
Chatham-Kent

Listed By

Meg Lyttle, Nest Realty Inc.

Source
WINDSOR-ESSEX COUNTY
Last checked Nov 24 2024 at 3:46 AM EST

Bathroom Details

Interior Features

Inclusions : Fridge Washer & Dryer In Basement
Inclusions : Fridge Upper Unit: Electric Stove
Inclusions : Otr Microwave Basement Unit: Gas Stove
Inclusions : Fridge
Inclusions : Main Floor Unit: Gas Stove
Appliances :

Subdivision

Property Features

Foundation: Concrete
Foundation: Block

Heating and Cooling

See Remarks
Other
Furnace
Central Air Conditioning

Flooring

Laminate
Hardwood or Engineered Hrwd
Cushion or Lino or Vinyl

Exterior Features

Brick
Aluminum/Vinyl
Roof: Asphalt Shingle

Utility Information

Utilities: Connected
Sewer: Sanitary Connected
Fuel: Natural Gas

Disclaimer: Copyright 2024 Windsor-Essex County Association of Realtors. All rights reserved. This information is deemed reliable, but not guaranteed. The information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated 11/23/24 19:46

CENTURY 21 Maple City Realty Ltd. Brokerage

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CENTURY 21 Maple City Realty Ltd. Brokerage

53 St. Clair Street, Chatham, ON N7L3H8

(519) 351-1600

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