54 Elizabeth Street
St. Thomas, Ontario N5R2X1
4 beds · 4 baths · 1499.9875 - 1999.983 sqft
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:39198)
Facts & Features
Building Type Fourplex
Year built
Square Footage 1499.9875 - 1999.983 sqft
Stories 2
Bedrooms 4
Bathrooms 4
Parking 3
NeighbourhoodSW
Land size 40 x 123 FT ; 36.03x 52.67 x 7.27x 68.51x 42.12x125.17|under 1/2 acre
Heating type Forced air
Basement typeN/A (Unfinished)
Parking Type
Time on REALTOR.ca3 days
This home may not meet the eligibility criteria for Requity Homes. For more details on qualified homes, read this blog.
Brokerage Name: CERTAINLI REALTY INC.
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