14
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$749,999
Est. payment /mo
9,332 SqFt
Active Under Contract
106 Lorne AVE Chatham-kent, ON N7M 1S1
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 9,332 sqft
Price per Sqft $80
Subdivision Chatham
MLS Listing ID X13785124
Annual Tax Amount $7,215
Tax Year 2025
Property Sub-Type Investment
Property Description
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.
Location
Province ON
County Chatham-kent
Area Chatham-Kent
Interior
Cooling No
Exterior
Community Features Major Highway, Public Transit
Utilities Available Yes
Lot Frontage 89.0
Lot Depth 103.75
Others
ParcelsYN No
Listed by MYSAK REALTY INC.
NEARBY SCHOOL & BUSINESS
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