Address: 342 KING STREET West, Chatham FOR SALE Postal Code: N7M1G1 Style: Type: Multi-family Fourplex Bedrooms: 0 Bathrooms: 0 Parking: Other Garage: Other Lot Size: x Property Size: 52 x 148 Stories: 2
About 342 King Street West
Excellent Investment Opportunity – Solid Fourplex in Chatham! Don’t miss your chance to own this well-built, income-generating fourplex located just on the fringe of downtown Chatham. Situated near the hospital, local amenities, and with convenient access to public transportation, this property offers a prime location for tenants and consistent rental income for investors. All four units are one-bedroom apartments, fully occupied and who pay their own utilities. Monthly rents are as follows: Unit 1 – $1,295, Unit 2 – $490.36, Unit 3 – $980.82, and Unit 4 – $1,150.40, bringing in a total gross annual income of $46,999.20. The property has seen several updates over the years, including a new roof in 2021, two high-efficiency furnaces, some updated flooring, and ample parking for tenants. This is a turn-key opportunity with solid returns and great potential for future appreciation. This is a fantastic chance to diversify your portfolio in a desirable and historic area of Chatham. (id:56071). Get more information on 342 King Street West
Property Features
Rental Equipment: Directions: From 2nd St, turn onto King St. W. Go to address. Zoning Description: UC (CBD) Amenities: Shopping Area Lot: 52 x 148 52 x 148 Exterior Finish: Aluminum/Vinyl Flooring: Carpeted, Laminate, Cushion/Lino/Vinyl Water: , Heating / Cooling: Electric, Natural gas / Age: Basement:
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
FOR SALE
FOR SALE
FOR SALE
FOR SALE