Amazing investment opportunity in the rapidly expanding Chatham area. Centrally located turn key Duplex. Both 2 bedroom units with full basement for additional storage. Lower unit has been completely renovated in 2022. Lower unit pays $1,350 plus hydro and gas. Upper unit rented for $900/month plus hydro and gas. Access from the rear of the property for additional parking and entry to lower unit. Currently 6.5% CAP rate, with market rent potential for 8%+. Great location, strong rent-roll, and even better tenants! Great "house hack", or addition to any portfolio.
PROPERTY SPECS
Price $299,990
City Chatham, Ontario
Address 119 Harvey Street
Listing ID 24000969
Construction Aluminum/Vinyl
Roof Asphalt
Flooring Ceramic or Porcelain, Cushion or Lino or Vinyl
Garage 1
Land Size 41.24 x 118.18 FT
Type Multi-Family
Status For Sale
EXTENDED FEATURES
SubtypeDuplexAcreage0.000OwnershipFreeholdBuilding AmenitiesLaundry Facility, StorageFoundationBlock, ConcreteHeating / CoolingBaseboard HeatersHeating FuelElectricHot Water TankGasUtility WaterMunicipal WaterSewerSanitaryDate ListedJan 17, 2024Days on Market101ParkingGravel