Located right in the heart of Chatham, this stunning, modernized, turnkey, 3-bedroom, 1-bathroom house has easy access to all the local amenities, including restaurants, entertainment, and convenience. The prime location offers quick access to Downtown Chatham, Cascades Casino, Highway 401, and only 6 minutes from St. Clair College. This house is a perfect opportunity for a long term rental, student rental, or home to live in!!
How can you profit?
1) Single Family Rental! Consider this property for an SFR. Where else can you buy a modernized, turn key home for just over 200k and get $1800 in rent!! Almost hitting the 1% rule!
2) Student Rental Ready! Rent to students at St. Clair College for $1800-2000/month. Potentially even more if you provide furnishings. This property was previously rented for $1800 and the seller says they had an offer for $2000/month starting January 2024. However, you get vacant possession to put in the tenants of your choice.
3) Cheap Ownership! Where can you find a great property at this price? Move on in and enjoy!!
SUMMARY:
– LOCATION: Chatham, ON (Harvey St. & West St)
– PURCHASE PRICE: $222,000 Or Best Offer
– AFTER REPAIR VALUE: $350,000-ish
– CLOSING: January 22, 2024 (This is an assignment sale.)
– TYPE: Two-storey detached
– BEDS/BATHS: 3 Bed/1 Bath (2 Bedrooms upstairs, 1 Bedroom on ground floor)
– PARKING: 2 Driveway Spots
– BASEMENT: Crawl space
– SQFT: 1432
– LOT: 30’ x 156’
– AGE: 1920
– PROPERTY TAX: $2229.68 (2022)
RENOVATIONS NEEDED:
– House is in excellent condition
– May need a few touch ups as recent tenants have moved out
– Some junk and furniture removal may be required.
– Please view the pictures and videos for ideas on what you’d like to renovate.
GOOD NEWS:
– Move-in Ready!!
– Windows, roof, water heater are all 1-3 years new.
– Furnace and AC are 6-7 years old with many more years left in them.
– 3 entrances for privacy and separating living spaces
– Get around $2,000 rent on such a low-priced house. Almost at the 1% rule!
Please let us know if you want to view it or if you want us to email you the info package. (Comparable sales, MPAC info, and more…)
Thank you,
Josea Paul, Deb Weir, Aaron Moore & Tomomi Wang
647-557-5979
www.HouseDealsGTA.ca – Wholesale Properties For Real Estate Investors
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