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$ 575,000
Est. payment | /mo
$ 575,000
Est. payment | /mo
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 25002465
Year Built 1900
Property Sub-Type Freehold
Source Chatham Kent Association of REALTORS®
Property Description
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. NOTE, new roof installed May 2025. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Furnace,
Cooling Central air conditioning
Flooring Hardwood, Laminate, Cushion/Lino/Vinyl
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 3
Others
Ownership Freehold
Listed by NEST REALTY INC.
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada