162/164 Raleigh Street Chatham, Ontario N7M 2N3

$305,000

Turnkey Investment Opportunity – Fully Tenanted Triplex! Welcome to 162/164 Raleigh Street, Chatham, a well-maintained, income-producing triplex offering immediate cash flow with reliable long-term tenants already in place. Whether you're looking to expand your investment portfolio or purchase your first multi-family property, this fully tenanted building presents an great opportunity. The property features three self-contained residential units. At 162 Raleigh Street, the main floor offers a spacious 2-bedroom unit currently rented for $1,095/month plus heat and hydro, while the upper 1-bedroom unit features a generous kitchen and bathroom and is rented for $724/month inclusive. At 164 Raleigh Street, you'll find a bright and spacious 3-bedroom unit currently rented for $1,785/month plus heat and hydro, providing strong rental income from a desirable unit. Tenants enjoy a covered balcony and an additional deck off the upper unit. Conveniently located close to schools, parks, shopping, restaurants, public transit, and other everyday amenities. With stable rental income, separate utility arrangements for the larger units, and a central location, this is an excellent opportunity for investors seeking a solid addition to their real estate portfolio. Please note: As the property is fully tenanted, a minimum of 24 hours' notice is required for all showings in accordance with tenant rights. (id:55464)

Property Details

MLS® Number	26016011
Property Type	Multi-family

Building

Exterior Finish	Aluminum/vinyl
Flooring Type	Cushion/lino/vinyl
Foundation Type	Concrete
Heating Fuel	Natural Gas
Heating Type	Baseboard Heaters, Furnace
Stories Total	1
Type	Triplex

Parking

Other

4

Land

Acreage	No
Size Irregular	X / 0.108 Ac
Size Total Text	X / 0.108 Ac|0-0.25 Acre
Zoning Description	Rl3

https://www.realtor.ca/real-estate/29995621/162164-raleigh-street-chatham