415 CHATHAM

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Description

CALLING ALL INVESTORS - An exceptional investment opportunity awaits you at 415 Chatham Street, Brantford. This triplex currently offers a yearly rental income of $72,600, with a potential cap rate of 3.41%!! With three fully occupied units, each comprising 2 bedrooms and 1 full bathroom, this property promises both immediate cash flow, currently over $2400/month (with the potential for more) and long-term value appreciation. This building is fully legal and permitted with all headaches taken care of. Updates include a newer roof, windows, all units freshly painted and updated, some plumbing and wiring also updated. A minor variance was done for parking, giving each unit its own exclusive parking space. The main and upper unit both have their own separate panel and the lower unit is wired for separate metering. You don’t want to miss out on adding this fantastic turnkey triplex to your portfolio. Check out the feature sheet for a full list of upgrades. (id:39198)

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Additional media

https://www.youtube.com/watch?v=Zv1xINhQuXk

Property taxes

$3,475.57 per year / $289.63 per month

Basement

Finished, Full

Year build

1965

Type

Multi-family

Bedrooms

6

Bathrooms

3

Parking spots

5 Total

Floor

-

Balcony

-

Pool

-

External material

Brick

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Baseboard heaters, Radiant heat

Fire place(s)

-