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$ 589,900
Est. payment /mo
Active
162 Park Street Chatham, ON N7M 3R8
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 26026413
Year Built 1945
Tax Year 2026
Property Sub-Type Fourplex
Source WESC
Property 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.
Location
Province ON
Zoning RL3
Interior
Heating Boiler, Ductless
Cooling Boiler, Ductless
Flooring Ceramic or Porcelain, Cushion or Lino or Vinyl
Inclusions 4 Fridges, 4 Stoves
Exterior
Roof Type Other, See Remarks
Building
Foundation Concrete, Slab
Sewer Sanitary
Listed by ROYAL LEPAGE PEIFER REALTY, Brokerage