$310,000
$339,000
8.6%For more information regarding the value of a property, please contact us for a free consultation.
4 Beds
2 Baths
SOLD DATE : 08/01/2023
Key Details
Sold Price $310,000
Property Type Multi-Family
Sub Type Duplex
Listing Status Sold
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision Chatham
MLS Listing ID X5918516
Sold Date 08/01/23
Style 2-Storey
Bedrooms 4
Annual Tax Amount $1,979
Tax Year 2022
Property Sub-Type Duplex
Property Description
Introducing 163 Grand Avenue East, Chatham Ontario. This property boasts a Gross income of $25,248 and expenses of $4,947 less vacancy, insurance & maintenance, leaving a healthy profit margin for any investor. With separate gas/hydro & Water the opportunities are endless for future cash flow! Both units are two spacious 2-bedroom units with parking in the front and back. The upper unit has been recently renovated and is rented for $1,350 + hydro/gas/water & the lower unit is currently rented for $754 plus hydro. The expenses for 2022 are as follows: Hot Water Heater Rental = $821, Lower Gas = $1707.01, Property tax = $1979.80, Water for Lower unit = $850(Approx).
Location
Province ON
County Chatham-kent
Community Chatham
Area Chatham-Kent
Zoning RL3
Rooms
Family Room No
Basement Partial Basement, Unfinished
Kitchen 2
Interior
Cooling None
Exterior
Parking Features Private
Pool None
Lot Frontage 30.2
Lot Depth 133.22
Total Parking Spaces 2
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