163 Grand Avenue E Chatham, Ontario N7L 1W3
$339,000
Introducing 163 Grand Avenue East, Chatham Ontario. This property boasts a Gross income of $25,248 and expenses of $4,947 less vacancy, insurance & maintenance, leaving a healthy profit margin for any investor. With separate gas/hydro & Water the opportunities are endless for future cash flow! Both units are two spacious 2-bedroom units with parking in the front and back. The upper unit has been recently renovated and is rented for $1,350 + hydro/gas/water & the lower unit is currently rented for $754 plus hydro. The expenses for 2022 are as follows: Hot Water Heater Rental = $821, Lower Gas = $1707.01, Property tax = $1979.80, Water for Lower unit = $850(Approx). Contact us today to learn more about this investment opportunity! (id:19173)
Property Details
| MLS® Number | 40404055 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Schools, Shopping |
| Equipment Type | Water Heater |
| Features | Park/reserve |
| Rental Equipment Type | Water Heater |
Building
| Bedrooms Total | 4 |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1900 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | None |
| Foundation Type | Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 1784 |
| Type | Duplex |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 132 Ft |
| Size Frontage | 28 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Rl3 |
https://www.realtor.ca/real-estate/25510930/163-grand-avenue-e-chatham
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May 31 2023 09:57:27
London and St. Thomas Association of REALTORS®
Blue Forest Realty Inc.