185 THAMES STREET, CHATHAM, ON N7L2Z3

Property Description for 185 Thames STREET

Welcome to a prime duplex investment opportunity at 185/187 Thames St., located in the vibrant heart of Chatham, Ontario. This well-maintained property offers a side-by-side duplex configuration, ideal for savvy investors or those seeking a primary residence with rental income. The duplex consists of an owner-occupied unit and a tenant-occupied unit. Currently, the tenant-occupied unit rents for $950, with the rent set to increase to $1,100 as of October 1st. The owner will provide vacant possession of the unit he occupies, with an estimated rental potential of $1,700 or more. Each unit features a newer HVAC system, ensuring comfort and energy efficiency, and the tenant-occupied unit has seen updates including fresh paint, new flooring, and an updated kitchen. Both units also boast access to a beautiful private backyard, offering residents a serene outdoor escape. Additional conveniences include separate laundry facilities in the basement and a new roof. The cement driveway can accommodate approximately four cars, with additional street parking available. Centrally situated in Chatham's core, this duplex offers exceptional convenience and strong rental potential. Whether you're looking for a turnkey investment or a home with additional income potential, this property is a fantastic opportunity. Contact the listing agent today for a viewing of this almost-turnkey investment! (id:38686)