Quick Summary
Quick Summary
- Exceptional investment opportunity with 4 self-contained units
- Secure keypad access to common laundry area
- Central A/C for comfortable living
- 3 units with recent cosmetic upgrades
- Convenient walking distance to downtown St. Thomas
- Easy access to grocery stores, banks, restaurants, and transit
- Vacant property available by October 1st for new owners
- Potential for high investment returns with 7.2% cap rate
Welcome to 54 Elizabeth Street, an exceptional investment opportunity in the heart of St. Thomas. Key features include 4 self contained 1bed/1bath units, a common laundry area with secure keypad access, central A/C, and 3 units with recent cosmetic upgrades, including new kitchens, vinyl flooring and new bathroom fixtures. This turnkey... Show More
Welcome to 54 Elizabeth Street, an exceptional investment opportunity in the heart of St. Thomas. Key features include 4 self contained 1bed/1bath units, a common laundry area with secure keypad access, central A/C, and 3 units with recent cosmetic upgrades, including new kitchens, vinyl flooring and new bathroom fixtures. This turnkey fourplex is situated within walking distance to downtown St. Thomas, tenants will have easy access to multiple grocery stores, bank branches, restaurants, cafes, and bars as well as quick access to public transit. As a bonus for the discerning investors, act fast and secure this property completely vacant by October 1st to set your own market rents and select the best tenants to maximize your investment returns! **** EXTRAS **** Financial Highlights: Potential Rental Income (conservative market rent= 2 units $1050 +hydro, 2 units $1150 inclusive): $52,800/year Total Operating Expenses: $9,585/year. Net Operating Income: $43,215/year. Potential Cap Rate: 7.2% (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
- 4
- 2
- 3
- 3
- 4
- 2
- 3
- 2
- 3
- 2
- 700 - 1,100 Sq. Ft.
- 2
- 1
- 4
- 2
- 5
- 3
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.