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For Sale - 41 FOURTH Street, Chatham, Ontario

Est payment $5,114/mo
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Time on Jump  84 day

AI Summary *

  • Fully renovated 16-room rental building in a prime downtown location.
  • Includes 1,848 sq. ft. commercial space and residential units.
  • Features 3 kitchens and 4 baths for versatile living.
  • Over 10% cap rate, ideal for investors seeking high returns.
  • Conveniently located near all downtown amenities and services.




Introducing an exceptional investment opportunity in the heart of downtown! This fully renovated 16-room rental building features a prime commercial space at the front, complemented by two storeys of residential units, 3 kitchens and 4 baths. With a total of 5,100 sq. Ft., including 1,848 sq. Ft. Of commercial space and 3,250 sq. Ft. Of residential living, this full brick building is perfectly positioned close to all amenities. The property boasts an impressive cap rate of over 10%, making it an excellent choice for savvy investors looking to maximize their returns. Don’t miss your chance to own a piece of downtown real estate with great potential! Please allow 36 hours for viewings! Tenant occupied!
Listing ID24023491
Address41 FOURTH Street
CityChatham, Ontario
Price$999,900
ConstructionBrick
FlooringCushion or Lino or Vinyl
TypeMulti-Family
StatusFor Sale

Subtype Over 12 UnitsInclusions 16 mini refrigerators, 3 stovesOwnership FreeholdBuilding Amenities Public Transportation Nearby, Shopping Area, Store FrontAppliances StoveFoundation Concrete, UnknownHeating / Cooling Forced AirHeating Fuel Natural GasHot Water Tank Other, See RemarksUtility Water Municipal WaterSewer Sanitary

Date Listed Oct 15, 2024Days on Market 87
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JUMP FEATURED AGENT

Prashanth Kandi

Prashanth Kandi

Realtor®

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Listing Agency:  Re/Max Preferred Realty Ltd.
Co-Listing Agency:  Re/Max Preferred Realty Ltd.
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41 Fourth Street
Chatham , Ontario
$999,900
Get more info