106 Lorne Avenue

Chatham-Kent, ONMulti-family
$749,999
MLS® X13785134
Multi-family11 beds6 baths6 total
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106 Lorne Avenue, Chatham-Kent, ON photo 1
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About This Property

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. (id:63604)

Key Facts

Type
Multi-family
Beds
11
Baths
6
Size
3,500 sqft
Lot
89 x 103.8 FT
Parking
6 total

Highlights

  • Refrigerator
  • Stove
  • Water Heater
Property Details 12 details
Bedrooms
11 bedrooms
11 above grade
Bathrooms
6 bathrooms
Parking
6 parking spaces
No Garage
Living area
3,500 - 5,000 sq. ft.
Property
Multi-family
Property subtype
Multi-family
Structure type
Other
Storeys
2.50
Basement
Finished, Full
Heating
Baseboard heaters, Radiant heat, Electric
Fireplace
Yes
Lot dimensions
89 x 103.8 FT
Frontage
89 feet
Taxes
$7,215.94
Water source
Municipal water

Interior features

RefrigeratorStoveWater Heater

Exterior features

ConcreteBlock
Mortgage & Affordability Estimate monthly costs
Mortgage Tools Buyer/Seller Snapshot
Purchase price$749,999
Down paymentNot available
Mortgage amountNot available
Principal & interestNot available
Property taxesNot available
Condo/HOA feeNot available
Insurance/OtherNot available
UtilitiesNot available
Est. monthly totalNot available
Income needed (GDS 32%)Not available
Estimates only. Not financial advice. Rates, taxes and fees vary by lender and municipality.

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Neighbourhood

Area
Chatham
City
Chatham-Kent
Postal code
N7M 1S1
Nearby
Cross Streets: Richmond Street. ** Directions: East.
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