Quick Summary
Quick Summary
- Prime investment opportunity in vibrant Court House District
- Fourplex with four well-appointed 1-bedroom units
- Impressive annual revenue of $67,000 at 7% cap rate
- Recently renovated to $150,000 with quality and modernity
- Meticulously maintained units attracting A+ tenants
- Promising trajectory of growth in thriving St. Thomas market
- Significant investments from Amazon and Volkswagen
- Immediate returns and potential for appreciation
*** 2 VACANT UNITS Available for September 2024*** Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an... Show More
*** 2 VACANT UNITS Available for September 2024*** Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What's more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means tapping into the promising trajectory of St. Thomas. With the city witnessing significant investments from renowned multinational corporations like Amazon and Volkswagen, the long-term prospects for growth and appreciation are compelling. *Interior photos are from 2022 when the renovations completed* Don't miss out on this strategic portfolio piece that promises not only immediate returns but also the potential for substantial appreciation in the thriving St. Thomas market. Schedule a viewing today and secure your stake in this lucrative opportunity! (id:54626)
Additional Media
View Additional Media
Property Details
Size
Parking
Lot
Build
Heating & Cooling
Utilities
Book A Private Showing
For Sale Nearby
Sold Nearby
- 5
- 4
- 4
- 2
- 5
- 3
- 3
- 2
- 3
- 3
- 4
- 2
- 4
- 2
- 700 - 1,100 Sq. Ft.
- 2
- 1
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA.