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266 Grand AVENUE West
Chatham Ontario N7L1C1 Canada

$599,000

Active Listing ID 24018163
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Multi-family

$599,000

Active Listing ID 24018163
Save

266 Grand AVENUE West 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:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: Central air conditioning
  • Exterior Finish: Brick, Aluminum/Vinyl
  • Floor Covering: Hardwood, Laminate, Cushion/Lino/Vinyl
  • Heating Systems: Natural gas, Furnace
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 9/9/2024 2:20:50 PM GMT
Source Updated Date: 11/22/2024 10:09:03 PM GMT

Courtesy of: MEG LYTTLE, Broker of Record, NEST REALTY INC.