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266 Grand Ave W

Grand Ave W, Chatham, Chatham-Kent, ON, N7L 1C1

-
Beds
-
Baths
$599,000
List Price
Details
Photos
39
Comparables
History
266 Grand Ave W, Chatham-Kent, ON - 1 of 3
266 Grand Ave W, Chatham-Kent, ON - 2 of 3
266 Grand Ave W, Chatham-Kent, ON - 3 of 3
43 days on market

Quick Summary

  • Turnkey investment property with strong cash flow
  • Fully occupied triplex with reliable rental income
  • Well-maintained property backing onto Thames River
  • Zoned for urban commercial use with versatile potential
  • Main floor unit with 2 beds and bonus room
  • Cozy basement unit with recent renovations
  • Spacious upper unit with additional unutilized floor
  • All units currently occupied with timely rent payments

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... Show More

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:54626)

Property Details

Parking

Other

Build

Year Built
1900
Model Name
-
Basement
-
Exterior
Aluminum/Vinyl, Brick
Foundation
Block, Concrete
Builder Name
-
Stories
2
Flooring
Hardwood, Laminate, Cushion/Lino/Vinyl
Roof
-

Heating & Cooling

Heating
Furnace
Cooling
Central air conditioning

Ownership Details

Ownership

Title
Freehold
Zoning
-

Source

Listing Brokerage

MLS® Listing
24018163
Last Updated
September 9, 2024
Brokerage
NEST REALTY INC.
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