106 Lorne Avenue Chatham-Kent, Ontario
PROPERTY INFO
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. (id:4555)
PROPERTY SPECS
Price $749,999
City Chatham-Kent, Ontario
Bed / Bath 11 / 6 Full
Address 106 Lorne Avenue
Listing ID X13785134
Style Other
Parking 6.00
Type Multi-Family
Status For Sale
EXTENDED FEATURES
Ownership
Freehold Basement
Finished, Full Heating / Cooling
Baseboard heaters, Radiant heat, Electric Parking
6.00
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