149 Raleigh STREET,Chatham - $2,100,000 - Directions

Attention developers and investors. This unique property offers a ten-unit fully tenanted apartment complex featuring 6 apartments and 4 townhomes, PLUS vacant land to build 13 more townhomes. A fully approved site plan with the Municipality of Chatham Kent for additional townhomes is already in place. Fantastic opportunity to use current rents to assist in building townhomes. Apartment units have been completely renovated (approximately 2010), and townhomes were built in 2012. The property consists of 1 - 1 bedroom apt, 1- 2 bedroom apt, 2- 2 bed plus den apts, 2 - 3 bedroom apts, 1- 2 bedroom 1 bath townhome and 3- 3 bed 1.5 bath townhome units. Four storage units are also available for tenants use and a small rental fee is charged. Laundry is coin operated and onsite. All tenants pay their own gas and hydro which are separately metered. Landlord pays all water, electricity and gas for the laundry room, garbage pickup and laundry room rentals See docs for financials/siteplan (id:4555)