342 KING STREET West,Chatham - $529,000 - Directions

Excellent Investment Opportunity – Solid Fourplex in Chatham! Don’t miss your chance to own this well-built, income-generating fourplex located just on the fringe of downtown Chatham. Situated near the hospital, local amenities, and with convenient access to public transportation, this property offers a prime location for tenants and consistent rental income for investors. All four units are one-bedroom apartments, fully occupied and who pay their own utilities. Monthly rents are as follows: Unit 1 – $1,295, Unit 2 – $490.36, Unit 3 – $980.82, and Unit 4 – $1,150.40, bringing in a total gross annual income of $46,999.20. The property has seen several updates over the years, including a new roof in 2021, two high-efficiency furnaces, some updated flooring, and ample parking for tenants. This is a turn-key opportunity with solid returns and great potential for future appreciation. This is a fantastic chance to diversify your portfolio in a desirable and historic area of Chatham. (id:4555)