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    For Sale - 106 Lorne Avenue, Chatham-Kent, Ontario

    Est payment $3,601/mo
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    Views   2
    Time on Jump  14 day

    AI Summary *

    • Six-unit building with strong gross annual income of $88,000.
    • Includes five 2-bedroom and one 1-bedroom units.
    • Renovated units with improved common areas and restored entrance.
    • Updated plumbing, electrical, and windows for better efficiency.
    • On-site laundry and six parking spaces for tenant convenience.




    125k/unit at going-in cap rate of 7. 1%. Gross annual income $88,000. Purpose built 6-unit including 1 vacant (five 2 bedrooms & one 1 bedrooms). Building features revitalized common areas, renovated units and restored front entrance portico. Tenants pay hydro. Updated plumbing (2021). Updated electrical (2021). Windows replaced (2022). Laundry on site, 6 parking spaces. Building offers additional upside potential in a supply-constrained rental market.
    Listing IDX13785134
    Address106 Lorne Avenue
    CityChatham-Kent, Ontario
    Price$749,999
    Bed / Bath11 / 6 Full
    Style2 1/2 Storey, Multiplex
    ConstructionConcrete
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Water HeaterOwnership FreeholdBasement Finished, FullFoundation Concrete BlockHeating / Cooling BaseboardHeating Fuel ElectricSewer Other

    Parking 6.00
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    Listing Brokerage: MYSAK REALTY INC.

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    106 Lorne Avenue
    Chatham-Kent , Ontario
    11 6 $749,999
    Get more info