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Key Facts
Key facts for 54 Elizabeth Street
Property Type
Apartment, 2-Storey
Parking
None 0 garage, 3 parking
MLS #
X9241691
Size
1500-2000 sqft
Basement
Unfinished
Listed on
2024-08-03
Lot size
40 x 123.0
Tax
$2,512 /yr
Days on Market
415
Approximate Age
100+
Maintenance Fee
-
Description
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%
