Introducing an exceptional investment opportunity in the heart of downtown! This fully renovated 16-room rental building features a prime commercial space at the front, complemented by two storeys of residential units, 3 kitchens and 4 baths. With a total of 5,100 sq. ft., including 1,848 sq. ft. of commercial space and 3,250 sq. ft. of residential living, this full brick building is perfectly positioned close to all amenities. The property boasts an impressive cap rate of over 10%, making it an excellent choice for savvy investors looking to maximize their returns. Don’t miss your chance to own a piece of downtown real estate with great potential! Please allow 36 hours for viewings! Tenant occupied!
PROPERTY SPECS
Price $999,900
City Chatham, Ontario
Address 41 FOURTH Street
Listing ID 24023491
Construction Brick
Roof Unknown
Flooring Cushion or Lino or Vinyl
Type Multi-Family
Status For Sale
EXTENDED FEATURES
SubtypeOver 12 UnitsInclusions16 mini refrigerators, 3 stovesOwnershipFreeholdBuilding AmenitiesPublic Transportation Nearby, Shopping Area, Store FrontAppliancesStoveFoundationConcrete, UnknownHeating / CoolingForced AirHeating FuelNatural GasHot Water TankOther, See RemarksUtility WaterMunicipal WaterSewerSanitaryDate ListedOct 15, 2024Days on Market39