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162 Park Street, Chatham, ON

Name: 162 Park Street, For Sale in Chatham - eXp Realty
Brand: ROYAL LEPAGE PEIFER REALTY, Brokerage
SKU: 26026413
Price: 589900 CAD

House

For Sale

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000

MLS® 26026413

Property Details
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Description

Presenting an exceptional turnkey investment opportunity featuring a cash-flowing fourplex with a rare all-main-floor layout and grade-entrance accessibility. The property consists of four two-bedroom, one-bathroom units with separately metered hydro. Three units are occupied by reliable tenants who have a proven track record of on-time payments. These tenants moved in 2023, so rental rates are locked at near current market levels. The fourth unit has been freshly updated and is vacant, offering an immediate opportunity to place a high-quality tenant of your choice at market rent. On-site coin operated laundry provides an additonal income stream and the rental contract is transferable. The boiler was replaced in 2017, taking care of a major capital expenditure. Repairs were completed on the low-sloping roof in 2026 and there is room for 5-6 parking spots. With a cap rate of approximately 7%, this asset delivers predictable, high-yield performance. Call today for more information and schedule your private walkthrough. (id:58753)Show Description

Key Facts

Type Quadruplex

Levels Residential Income

Size -

Taxes $3,879

Days Active 1

Approx. Age 1945

MLS® Number 26026413

Central VacNo

FireplaceNo

Approx. Age1945

DrivewayOther

HeatBoiler, Natural gas, Ductless

Additional Information

Siding Stucco, Aluminum Siding

Price History

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$XXX,XXXSold Price

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