Property Description

Opportunity knocks with this value-add fourplex in Chatham, offering immediate cash flow once vacant unit is rented, significant upside, and future flexibility for investors and owner-occupiers alike. The property features four self-contained units, including one vacant 1-bedroom unit that can be rented at current market rent or a primary residence. The remaining three units—two 1-bedroom units and one 2-bedroom unit—are occupied by long-term tenants, providing stable income from day one.Designed for investment efficiency, the building offers separate hydro meters, allowing tenants to pay their own hydro. Each unit presents an opportunity for modernization and cosmetic improvements, creating the potential to force appreciation over time. The property also includes on-site parking for all units and is conveniently located close to downtown amenities. Whether you're looking to expand your portfolio, undertake a value-add project, or live in one unit while generating income. (id:7434)