1/839 Richmond STREET, Chatham
39 Richmond STREET, Chatham, ON N7M1N5
$399,900 total
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Asset Class
Industrial
Size
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Building class
A
Zoning
IL — Light Industrial
$ / SF
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Occupancy
92%
Year Built
1950
Clear height
18 ft
Loading docks
5
About this property
Well maintained 2 STOREY COMMERCIAL PROPERTY IN PRIME LOCATION with 2 full baths, full kitchen, laundry, multiple offices and enclosed back porch. Basement offers extra storage. Plenty of parking on site and single car garage detached garage. Showing requests require 48 hour advance to respect tenant notice. This property is being sold in **AS IS** condition. Current rental income approximately $3000/month. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$2K
Projected NOI
$20K
Annual cash flow
$-2K
Cash-on-cash
-1.58%
DSCR
0.91
Going-in cap
5.07%
Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.
Area demographics
Trade area within 3 miles of the property.
Population
68,559
Households
28,052
Median income
$105,000
Median age
33.9
Daytime population
82,455
5-yr growth
3.6%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 39 Richmond STREET, Chatham.
Offering Memorandum
PDF · 4.2 MB
Rent Roll & T-12
XLSX · 820 KB
Environmental Phase I
PDF · 6.7 MB
Site Survey & Plans
PDF · 11.4 MB
Zoning Confirmation Letter
PDF · 310 KB
Preview experience — the electronic NDA is illustrative and is not a binding agreement.