22 Cross Street, Chatham ON

22 Cross STREET, Chatham FOR SALE

Brokered by: BLUE FOREST REALTY INC.

MLS®: 26001855 (Freehold)

Price: $369,000.00

Address: 22 Cross STREET, Chatham
FOR SALE
Postal Code: N7M2L1
Style: 
Type: Multi-family Duplex
Bedrooms: 0
Bathrooms: 0
Parking:  Other
Garage: Other
Lot Size:   x
Property Size:  X / 0.086 AC
Stories:  1


About 22 Cross Street

This investment property presents a compelling opportunity with strong potential returns. This property offers a one-bedroom unit with a projected rent of $1,350 and a two-bedroom unit projected at $1,750 plus utilities. With a list price of $369,000, the projected cap rate stands over a solid 10% after accounting for insurance and property taxes. Notably, the property is vacant and ready for new tenancy, allowing a new owner to present immediate occupancy without downtime. Typically, properties at this return level require substantial renovations; however, this property has been extensively updated. Electrical work is completely brand new, including complete rewiring, a separate meter and panel-based setup, updated overhead service, and all new electrical components. All ESA inspections have been completed, and the property is equipped with two water tanks, two furnaces, two gas meters and two water meters. In summary, the property is move-in ready or ready for tenancy with existing high-return potential. What are you waiting for? Don t miss out on this amazing cash flow opportunity! (id:56071). Get more information on 22 Cross Street

Property Features

Rental Equipment:  
Zoning Description:  UC(CBD)
Lot:  X / 0.086 AC|under 1/4 acre X / 0.086 AC
Exterior Finish:  Aluminum/Vinyl
Flooring:  Laminate, Cushion/Lino/Vinyl
Water:  ,
Heating / Cooling:   Natural gas / Central air conditioning
Age: 
Foundation: Block
Basement:  

Rooms & Sizes

 Utility room Basement 19 ft ,1 in x Measurements not available  Kitchen Main level Measurements not available  4pc Bathroom Main level 7 ft ,8 in x Measurements not available
 Bedroom Main level Measurements not available  Dining room Main level Measurements not available x 9 ft ,10 in  Living room Main level 12 ft ,1 in x Measurements not available
 Foyer Main level 6 ft ,5 in x Measurements not available  Bedroom Main level Measurements not available  Kitchen Main level Measurements not available
 Laundry room Main level 7 ft ,5 in x Measurements not available  4pc Bathroom Main level Measurements not available  Dining room Main level Measurements not available
 Living room Main level Measurements not available  Bedroom Main level Measurements not available x 9 ft ,4 in  

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JD

John DiRenzo

Sales Representative
RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490

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John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.