For Sale - 266 Grand Avenue, Chatham, Ontario

Est payment $3,064/mo
Views   2
Time on Jump  154 day
  • Turnkey triplex fully occupied, providing immediate cash flow and income.
  • Main floor features a 2-bed unit, renting for $1485 monthly.
  • Renovated basement unit offers cozy living at $1076 monthly.
  • Upper unit has additional potential space, currently renting for $830.
  • Strong annual gross income with low expenses and solid net operating income.



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.
Listing ID24018163
Address266 Grand Avenue
CityChatham, Ontario
Price$599,000
ConstructionAluminum/Vinyl, Brick
FlooringCushion or Lino or Vinyl, Hardwood or En…
Land Size80.56 x Irregular
TypeMulti-Family
StatusFor Sale
Subtype TriplexAcreage 0.510Inclusions Main Floor Unit: Gas stove, fridge, OTR microwave Basement Unit: Gas stove, fridge Upper Unit: Electric stove, fridge Washer & Dryer in basementOwnership FreeholdFoundation Block, ConcreteHeating / Cooling Central Air Conditioning, Furnace, Other, See RemarksHeating Fuel Natural GasHot Water Tank GasUtility Water Municipal WaterSewer Sanitary
Date Listed Aug 6, 2024Days on Market 157
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Jamie Kerr

Jamie Kerr

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Schools

4 public & 6 Catholic schools serve this home. Of these, 9 have catchments. There are 2 private schools nearby.

Parks & Rec

3 playgrounds and 2 ball diamonds are within a 20 min walk of this home.

Transit

Rail transit stop less than 2 km away.

Listing Agency:  NEST REALTY INC.
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266 Grand Avenue
Chatham , Ontario
$599,000
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