FOR SALE
$349,000
50 Lorne, Chatham-Kent, ON, N7M 1R9
5
4
2500-3000
About the Property
About the Property
This triplex offers strong rental income and excellent flexibility for both investors and owner-occupants. The property currently generates $2,135 per month from two tenanted units, with a third unit vacant that was previously rented for $1,195 per month plus utilities, bringing the potential gross monthly income to $3,330.The building features three self-contained units, including a spacious 2-bedroom unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for $1,050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for $1,085 per month, inclusive.
Unit 3 is a 1-bedroom that is currently vacant and was previously rented for $1,195 per month plus hydro and gas. The vacant unit is move-in ready, making it ideal for a buyer looking to set market rent or move in and offset their mortgage. Each unit has separate hydro and gas meters, allowing for straightforward expense management and added investor appeal. On-site laundry is available for tenant convenience.
Property Details
MLS#:
X13062164
Status:
For Sale
Property Type:
Triplex
Central A/C:
No
Bedrooms:
3
Heating Fuel:
Forced Air
Bathrooms:
2
Heating Type:
Forced Air
Parking:
2 Spots
Cross Street:
WEST & RICHMOND
Basement:
Partial Basement, Crawl Space
This triplex offers strong rental income and excellent flexibility for both investors and owner-occupants. The property currently generates $2,135 per month from two tenanted units, with a third unit vacant that was previously rented for $1,195 per month plus utilities, bringing the potential gross monthly income to $3,330.The building features three self-contained units, including a spacious 2-bedroom unit and two 1-bedroom units. Unit 1 is a 1-bedroom currently rented for $1,050 per month plus hydro and gas. Unit 2 is a 2-bedroom unit rented for $1,085 per month, inclusive.
Unit 3 is a 1-bedroom that is currently vacant and was previously rented for $1,195 per month plus hydro and gas. The vacant unit is move-in ready, making it ideal for a buyer looking to set market rent or move in and offset their mortgage. Each unit has separate hydro and gas meters, allowing for straightforward expense management and added investor appeal. On-site laundry is available for tenant convenience.
Property Details
MLS#:
X13062164
Status:
For Sale
Property Type:
Triplex
Central A/C:
No
Bedrooms:
3
Heating Fuel:
Forced Air
Bathrooms:
2
Heating Type:
Forced Air
Parking:
2 Spots
Cross Street:
WEST & RICHMOND
Basement:
Partial Basement, Crawl Space
Maintenance:
Exterior:
Aluminum Siding, Vinyl Siding
Possession Date:
Presented By:
BLUE FOREST REALTY INC.
Maintenance:
Exterior:
Aluminum Siding, Vinyl Siding
Possession Date:
Presented By:
BLUE FOREST REALTY INC.