342 King Street West Chatham, Ontario N7M 1G1
$529,000
Excellent Investment Opportunity – Solid Fourplex in Chatham! Don’t miss your chance to own this well-built, income-generating fourplex located just on the fringe of downtown Chatham. Situated near the hospital, local amenities, and with convenient access to public transportation, this property offers a prime location for tenants and consistent rental income for investors. All four units are one-bedroom apartments, fully occupied and who pay their own utilities. Monthly rents are as follows: Unit 1 – $1,295, Unit 2 – $490.36, Unit 3 – $980.82, and Unit 4 – $1,150.40, bringing in a total gross annual income of $46,999.20. The property has seen several updates over the years, including a new roof in 2021, two high-efficiency furnaces, some updated flooring, and ample parking for tenants. This is a turn-key opportunity with solid returns and great potential for future appreciation. This is a fantastic chance to diversify your portfolio in a desirable and historic area of Chatham. (id:47351)
Property Details
| MLS® Number | 25018294 |
| Property Type | Multi-family |
Building
| Amenities | Shopping Area |
| Exterior Finish | Aluminum/vinyl |
| Flooring Type | Carpeted, Laminate, Cushion/lino/vinyl |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Type | Fourplex |
Parking
| Other | 4 |
Land
| Acreage | No |
| Size Irregular | 52' X 148' |
| Size Total Text | 52' X 148' |
| Zoning Description | Uc (cbd) |
https://www.realtor.ca/real-estate/28632473/342-king-street-west-chatham
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July 21 2025 04:56:30
Chatham Kent Association of REALTORS®
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