45 GRAY Street

Introducing a remarkable investment opportunity: a Multi-Family Home for sale in Chatham , located at 45 Gray Street, Chatham. This well-maintained upper/lower duplex is situated in the desirable South Side of Chatham, offering a fantastic chance for both seasoned investors and first-time buyers alike. With its prime location and strong rental history, this property is not to be missed.

The property at 45 Gray Street, Chatham, boasts an impressive exterior made from durable aluminium and vinyl, ensuring low maintenance and longevity. The duplex features a fenced yard, providing a secure space for tenants and their families. This Multi-Family Home for sale in Chatham is designed to cater to the needs of modern living while maintaining the charm of a traditional neighbourhood.

Inside, the upper unit is a tidy one-bedroom space, complete with a four-piece bathroom. It is heated efficiently by a mid-efficient gas furnace, which ensures comfort during the colder months. The unit is currently occupied by a long-term tenant who pays £1,061.88 per month, which includes heat and hydro, along with the use of a 16' x 24' detached garage. This arrangement not only guarantees a steady income but also highlights the desirability of this Multi-Family Home for sale in Chatham.

The lower unit is equally appealing, featuring a neat and tidy layout that is heated by a forced air gas furnace. It also includes a washer and dryer within the unit, adding convenience for tenants. This unit currently rents for £1,076.25 per month, with tenants responsible for their utilities. The presence of amazing tenants who maintain their units in pristine condition adds significant value to this property, making it an attractive option for any investor looking for a Multi-Family Home for sale in Chatham.

While the property does not feature any additional kitchens or bathrooms, nor does it have air conditioning or a pool, the essentials are well-covered. The absence of a family room and central vacuum system is offset by the practicality and functionality of the existing spaces. Furthermore, there is no garage space or driveway, but the property does offer parking space for up to four vehicles, ensuring that tenants have ample room for their cars.

The building type is classified as a multiplex, which is ideal for generating rental income. The location at 45 Gray Street, Chatham, places it within a vibrant community, making it an attractive place for potential tenants. The area is well-serviced, with access to essential amenities and public transport, enhancing its appeal.

It is important to note that this Multi-Family Home for sale in Chatham requires 24 hours' notice for viewings, ensuring that potential buyers can appreciate the property without disruption to the current tenants. The lack of a basement, additional land, or extra features does not detract from the overall value of this investment; rather, it simplifies the management and upkeep of the property.

In summary, 45 Gray Street, Chatham, presents an excellent investment opportunity in the form of a Multi-Family Home for sale in Chatham. With its well-maintained units, reliable rental income, and a location that is both convenient and desirable, this property is poised to attract interest from a variety of buyers. Don't miss your chance to invest in this promising duplex that combines practicality with potential.

S1 is a vibrant and inviting neighbourhood nestled in the heart of Chatham, offering a delightful blend of urban convenience and suburban charm. Characterised by its tree-lined streets and a mix of historic and modern architecture, S1 boasts a range of amenities, including local shops, cafes, and parks, making it an ideal spot for families and young professionals alike. The area is well-connected by public transport, providing easy access to the wider Medway region and beyond. With a strong sense of community spirit, regular events, and a welcoming atmosphere, S1 is a place where residents can truly feel at home while enjoying the best of what Chatham has to offer.

Schools in the Neighbourhood

This property is conveniently located near several educational institutions, making it an ideal choice for families. The closest school is Victor Lauriston Public School, an elementary school just 0.7 km away, offering grades K to 8 with a school rating of 0.9. For secondary education, John McGregor Secondary School is located 1.9 km from the property, rated 3.9, and serves grades 9 to 12. Additionally, McNaughton Avenue Public School, also an elementary institution, is 3.0 km away and has a higher rating of 5.1, providing a French language curriculum. Chatham Kent Secondary School, another secondary option, is 2.6 km away and offers a French language program with a rating of 4.3. Lastly, Monsignor Uyen Catholic School, a Catholic elementary school, is situated 3.4 km from the property, though it has a lower rating of 0. Overall, the area boasts a mix of public and Catholic schools, offering both English and French language programs, catering to diverse educational needs and preferences for families looking to settle in this community.

Key Statistics of the Neighbourhood

The area surrounding the property has a population of 424 residents, with an average household size of 2.1 individuals. The community is relatively young, with an average age of 37.3 years. The average household income stands at $64,500, but a notable 20.4% of the population lives below the low-income threshold. The real estate market reflects an average property price of $268,000, appealing to a diverse demographic. A significant portion of the population, 59.42%, is single, while 23.81% of households include children. Renters make up a substantial 58.54% of the housing market, with no condominiums available in the area. Educational attainment is relatively high, with 35.62% of residents holding a college or university degree. However, a considerable 53.42% of the population is not actively participating in the labor force, indicating potential challenges in economic engagement. Additionally, immigrants represent 5.43% of the community, contributing to its cultural diversity. Overall, this demographic snapshot highlights a vibrant community with a mix of families, young professionals, and a significant rental market.