Free account required
Unlock the full potential of your property search with a free account! Here's what you'll gain immediate access to:
- Exclusive Access to Every Listing
- Personalized Search Experience
- Favorite Properties at Your Fingertips
- Stay Ahead with Email Alerts
$529,000
342 KING STREET West
Chatham, Ontario, Ontario, N7M1G1
MLS® Number: 25018294
Property description
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.
Building information
Type
*****
Amenities
*****
Exterior Finish
*****
Flooring Type
*****
Heating Fuel
*****
Heating Type
*****
Stories Total
*****
Land information
Size Irregular
*****
Size Total
*****
Courtesy of ROYAL LEPAGE PEIFER REALTY (DRESDEN)
Book a Showing for this property
Please note that filling out this form you'll be registered and your phone number without the +1 part will be used as a password.
Similar properties
This REALTOR.ca listing content is owned and licensed by
REALTOR® members of
The Canadian Real Estate Association.