| 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 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 106 Lorne Avenue , Chatham-Kent, N7M 1S1, Chatham-Kent |
| Postal Code: | N7M 1S1 |
| Province/State: | Chatham-Kent |
| Directions/Cross Streets: | Richmond Street |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 6 To 12 Units |
| Building Percentage: | T |
| Total Area: | 9332.00 |
| Total Area Code: | Square Feet |
| Area Influences: | Major Highway Public Transit |
| Expenses Actual/Estimated: | $Est |
| Washrooms: | 0 |
| Outside Storage: | F |
| Heat Type: | Baseboard |
| Central Air Conditioning: | No |
| 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: | Com - Investment |
| Area: | Chatham-Kent |
| Municipality: | Chatham-Kent |
| Neighbourhood: | Chatham |
| Tax: | $7,215.94 |
| Fireplace: | N |