| 125k/unit at going-in cap rate of 7.1%. Gross annual income $88,000. Purpose built 6-unit including 1 vacant (five 2 bedrooms & one 1 bedrooms). Building features revitalized common areas, renovated units and restored front entrance portico. Tenants pay Hydro. Updated Plumbing (2021). Updated Electrical (2021). Windows replaced (2022). Laundry on site, 6 Parking spaces. Building offers additional upside potential in a supply-constrained rental market. Scheduled tours to see all units will take place Sunday September 20th from 12-2pm. Please confirm attendance. |
| Price | $749,999 |
| Taxes: | $7215.94 |
| Occupancy: | Tenant |
| Address: | 106 Lorne Avenue , Chatham-Kent, N7M 1S1, Chatham-Kent |
| Directions/Cross Streets: | Richmond Street |
| Rooms: | 23 |
| Bedrooms: | 11 |
| Bedrooms +: | 0 |
| Family Room: | F |
| Basement: | Finished, Full |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 3 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Total Area: | 0.00 |
| Property Type: | Multiplex |
| Style: | 2 1/2 Storey |
| Exterior: | Concrete |
| Garage Type: | None |
| Drive Parking Spaces: | 6 |
| Pool: | None |
| Approximatly Square Footage: | 3500-5000 |
| CAC Included: | N |
| Water Included: | N |
| Cabel TV Included: | N |
| Common Elements Included: | N |
| Heat Included: | N |
| Parking Included: | N |
| Condo Tax Included: | N |
| Building Insurance Included: | N |
| Fireplace/Stove: | Y |
| Heat Type: | Baseboard |
| Central Air Conditioning: | None |
| Central Vac: | N |
| Laundry Level: | Syste |
| Ensuite Laundry: | F |
| Sewers: | Other |
| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| MYSAK REALTY INC. |
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| Book Showing | Email a Friend |
| Type: | Freehold - Multiplex |
| Area: | Chatham-Kent |
| Municipality: | Chatham-Kent |
| Neighbourhood: | Chatham |
| Style: | 2 1/2 Storey |
| Tax: | $7,215.94 |
| Beds: | 11 |
| Baths: | 6 |
| Fireplace: | Y |
| Pool: | None |