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$ 850,000
Est. payment | /mo
12 Beds
8 Baths
$ 850,000
Est. payment | /mo
12 Beds
8 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision Blenheim
MLS Listing ID X13014756
Style 2-Storey
Bedrooms 12
Annual Tax Amount $5,836
Tax Year 2025
Property Sub-Type Fourplex
Property Description
Welcome to 47 Sherman Street in Chatham - a rare opportunity to acquire a legal, purpose-built four-unit residential income property. Whether you're an investor looking to expand your portfolio or a buyer seeking strong rental potential, this property offers both immediate income and significant upside. Comprised of four self-contained units, the building provides a solid multi-residential layout with one unit currently vacant - perfect for a buyer to renovate and set their own market rent. The remaining units offer existing tenancy, allowing for income while improvements are made over time. This is an ideal value-add opportunity. With strategic renovations and updates, there is clear upside potential to increase rental income and overall property value. Improve the units, optimize tenant quality, and lease at today's market rates to unlock the asset's full earning potential. Situated in a convenient Chatham location close to amenities, schools, and transit, this property is well-positioned for consistent rental demand. Whether you're looking to renovate, reposition, and maximize returns, or simply add a stablemulti-unit asset to your portfolio, 47 Sherman Street delivers on both flexibility and future growth.
Location
Province ON
County Chatham-kent
Area Chatham-Kent
Rooms
Family Room No
Basement Partially Finished
Kitchen 4
Separate Den/Office 4
Interior
Interior Features None
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Lot Frontage 82.3
Lot Depth 147.0
Total Parking Spaces 12
Building
Foundation Concrete Block
Others
ParcelsYN No
Listed by RE/MAX REALTRON REALTY INC.
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