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$ 4,150,000
Est. payment | /mo
30 Beds
24 Baths
10,000 SqFt
$ 4,150,000
Est. payment | /mo
30 Beds
24 Baths
10,000 SqFt
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Approx. Sqft 10000
Square Footage 10,000 sqft
Price per Sqft $415
Subdivision St. Thomas
MLS® Listing ID 40873212
Bedrooms 30
Year Built 1967
Property Sub-Type Freehold
Property Description
An exceptional opportunity to acquire a well-established, income-producing 24-unit apartment building at 44 Jackson Street in St. Thomas. This investment property offers a desirable unit mix consisting of 1 bachelor, 17 one-bedroom and 6 two-bedroom apartments, appealing to a broad rental market. With a history of consistent occupancy, established rental income and a 5% capitalization rate, this property presents an attractive opportunity for investors seeking stability and long-term growth potential. The building benefits from an on-site superintendent providing day-to-day oversight, along with renovated units that enhance tenant appeal. Ideally situated in an established residential neighbourhood, the property backs onto an athletic field, offering an appealing open setting and recreational surroundings. Ample on-site parking adds further convenience for residents. The location offers convenient access to public transit just a short distance away, along with nearby shopping, schools, recreational facilities and everyday amenities. Situated in the growing community of St. Thomas, this property combines a desirable residential setting with excellent accessibility and investment appeal. An outstanding opportunity to acquire an established multi-residential asset offering immediate income, operational stability and potential for long-term appreciation. An excellent addition to any investment portfolio! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other,
Exterior
Parking Features No
View Y/N No
Attached Garage No
Total Parking Spaces 24
Garage No
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by Peak Realty Ltd.
Nearby Locations
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