106 Lorne Avenue, Chatham-Kent, ON N7M 1S1
- $749,999
- 11
- BD
- 6
- BA
- 3,500
- SqFt
- List Price
- $749,999
- MLS#
- X13785134
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Multiplex
- Style
- 2 1/2 Storey
- Bedrooms
- 11
- Bathrooms
- 6
- Living Area
- 3500-5000
- Province
- ON
- Municipality
- Chatham-Kent
- Area
- Chatham-Kent
- Neighborhood
- Chatham
- Subdivision
- Richmond Street
Property Description
125k/unit at going-in cap rate of 7.1%. Gross annual income $88,000. Purpose built 6-unit including 1 vacant (five 2 bedrooms & one 1 bedrooms). Building features revitalized common areas, renovated units and restored front entrance portico. Tenants pay Hydro. Updated Plumbing (2021). Updated Electrical (2021). Windows replaced (2022). Laundry on site, 6 Parking spaces. Building offers additional upside potential in a supply-constrained rental market. Scheduled tours to see all units will take place Sunday September 20th from 12-2pm. Please confirm attendance.
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Additional Information
- Taxes
- $7,215
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- None
- Kitchens
- 6
- Exterior
- Concrete
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 6
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Listing courtesy of MYSAK REALTY INC..