$724,500

Investment For Sale In Chatham, Ontario

$724,500

Property Information:

Excellent investment opportunity to own this fully tenanted fourplex after 30 years of ownership which is situated close to the downtown core of Chatham & is close to shopping, public transit, restaurants, theatres, a brewery & parks which host many festivals!! This well maintained brick building features one bachelor apartment, 2 one bedroom units & 1 two bedroom unit. Two of the units have been recently renovated. In 2 of the units the tenants pay their own hydro and 2 units are all inclusive. The net income of this building is very solid with the possibility of earning more if you choose to further the other 2 units. Parking out back with the entrance off of Charteris Street for each tenant. Purchaser to assume all tenants. Owners reserve the right to accept or reject any & all offers. Please note that the tenants require a full 24 hours notice for all showings. Please call, text or email today to book your personal showing. All rents & expenses have been calculated & available. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Fourplex
  • Exterior Finish: Brick
  • Flooring Type: Carpeted, Laminate
  • Heating Type: Boiler
  • Heating Fuel: Natural gas

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Built in: 1930
  • Irregular: Yes
  • Lot Size: 50 Feet X 196.25 Feet
  • Zoning: RL3
  • Parking Type: Other
  • No. of Parking Spaces: 4

Courtesy of: GAGNER & ASSOCIATES EXCEL REALTY SERVICES INC. Brokerage

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.