Address: 22 CROSS STREET, Chatham-Kent (Chatham) FOR SALE Postal Code: N7M1K5 Style: Bungalow Type: Multi-family Duplex Bedrooms: 3 Bathrooms: 2 Bedrooms Aboveground: 3 Parking: Detached Garage Garage: Detached Garage Lot Size: 36 ft ,8 in x 100 ft Property Size: 36.7 x 100 FT Stories: 1
About 22 Cross Street
This investment property presents a compelling opportunity with strong potential returns. The current rents reflect two units: a one-bedroom unit with a projected rent of $1,350 and a two-bedroom unit 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, and two gas meters and two water meters. (id:56071). Get more information on 22 Cross Street
Property Features
Appliances: Water Heater, Dryer, Stove, Washer, Refrigerator Features: Sump Pump Rental Equipment: Directions: Cross Streets: Jeffrey and Cross. ** Directions: From Lacroix Street, turn onto Cross St., house is on the corner of Cross and Jeffrey. Interior Size: 1100 - 1500 sqft Amenities: Separate Heating Controls, Separate Electricity Meters Lot: 36.7 x 100 FT 36.7 x 100 FT Exterior Finish: Vinyl siding Water: Municipal water, Sanitary sewer Heating / Cooling: Natural gas / Central air conditioning Age: Foundation: Block Basement: Partial, N/A (Unfinished), N/A Unfinished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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FOR SALE