Chatham-Kent - Chatham
Chatham-Kent - Chatham
Sold For$310,000
Listed For $339,000
Sold Jun 2023
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).
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