266 Grand Avenue West, Chatham
- Type: Townhouse
- Added: 106 days ago
- Updated: 73 days ago
- Last Checked: 15 hours ago
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. (id:1945)
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Property DetailsKey information about 266 Grand Avenue West
- Cooling: Central air conditioning
- Heating: Natural gas, Furnace
- Stories: 2
- Year Built: 1900
- Structure Type: Triplex
- Exterior Features: Brick, Aluminum/Vinyl
- Foundation Details: Block, Concrete
Interior FeaturesDiscover the interior design and amenities
- Flooring: Hardwood, Laminate, Cushion/Lino/Vinyl
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 266 Grand Avenue West
- Parking Features: Other
- Lot Size Dimensions: 80.56 x Irregular
Location & CommunityUnderstand the neighborhood and community
- Directions: Take Grand Ave W past Lacroix. Turn left onto the side street beside RestorFX. Driveway on the right-hand side.
- Common Interest: Freehold
- Street Dir Suffix: West
Tax & Legal InformationGet tax and legal details applicable to 266 Grand Avenue West
- Tax Year: 2024
- Tax Annual Amount: 3667.02
- Zoning Description: UC (HC1)
Additional FeaturesExplore extra features and benefits
- Number Of Units Total: 3
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