Property Description

75 Chatham Street contains one (1) 2-Bedroom/1-Bathroom unit, one (1) 1-Bedroom/1.5 Bathroom unit, four (4) 1-Bedroom/1-Bathroom units, and one (1) Studio unit with 5,120 square feet of gross living area in 10,986 square feet of gross area. The Property is situated upon a 0.30-acre parcel and features ample parking with over ten (10+) parking spaces in a lot behind the building. All seven (7) of the apartments have been recently renovated with improvements including new kitchens, new or refurbished flooring, and improved bathrooms. Additionally, five (5) of the seven (7) heating systems were recently replaced. All heat, hot water and electricity are separately metered and billed directly to the tenants. There is an opportunity to slightly improve rents without needing to invest much if anything in improving the units. The property also features a two-bay garage with a loft above it that is currently rented.