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$ 529,000
Est. payment /mo
Active
342 KING STREET West Chatham, ON N7M1G1
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 25018294
Property Sub-Type Freehold
Source Chatham Kent Association of REALTORS®
Property Description
Excellent Investment Opportunity – Solid Fourplex in Chatham! Don't miss your chance to own this well-built, income-generating fourplex located just on the fringe of downtown Chatham. Situated near the hospital, local amenities, and with convenient access to public transportation, this property offers a prime location for tenants and consistent rental income for investors. All four units are one-bedroom apartments, fully occupied and who pay their own utilities. Monthly rents are as follows: Unit 1 – $1,295, Unit 2 – $490.36, Unit 3 – $980.82, and Unit 4 – $1,150.40, bringing in a total gross annual income of $46,999.20. The property has seen several updates over the years, including a new roof in 2021, two high-efficiency furnaces, some updated flooring, and ample parking for tenants. This is a turn-key opportunity with solid returns and great potential for future appreciation. This is a fantastic chance to diversify your portfolio in a desirable and historic area of Chatham. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters, Forced air, ,
Flooring Carpeted, Laminate, Cushion/Lino/Vinyl
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Others
Ownership Freehold
Listed by ROYAL LEPAGE PEIFER REALTY (DRESDEN)
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