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$ 514,000
Est. payment /mo
New
38 HINCKS STREET St. Thomas, ON N5R3N6
3 Beds
3 Baths
2,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $257
Subdivision St. Thomas
MLS® Listing ID X12354936
Bedrooms 3
Source London and St. Thomas Association of REALTORS®
Property Description
Calling all investors!! This all-brick turnkey TRIPLEX is cash flowing very nicely at current interest rates. All three units feature 1 bedroom and 1 bathroom and comes fully tenanted with A+ tenants. Investors will love the separately metered hydro, water and gas for all units(gas meters for Units 1 & 2, Unit 3 has electric heat and no gas). Units 2 and 3 have had plenty of updates/upgrades in the past 5 years such as floors, kitchens, appliances and lighting fixtures. Unit 1 received a new kitchen, including new fridge, dishwasher and microwave range hood, laminate flooring in kitchen and bathroom, as well as tub surround and bathroom sink just 3 years ago. Unit one also has direct access to a fenced in backyard. Each unit has their own hot water tank and a separate furnace for Units 1 & 2. A shared laundry facility is located in the shared basement area that stays perfectly dry due to moisture barriers installed. Current rents are $820, $1375 and $1100 per month ($39,540 Annually) and tenants cover all utilities other than the common area/basement (landlord pays roughly $30-$50/mo). There is an outdoor fire escape ladder for Units 2 & 3. The time to purchase this amazing TURNKEY investment property is NOW, as St Thomas is poised for growth for years to come with the massive VW Battery Plant currently under construction (id:24570)
Location
State ON
Rooms
Kitchen 3.0
Extra Room 1 Second level 2.74 m X 2.54 m Office
Extra Room 2 Second level 3.61 m X 2.51 m Living room
Extra Room 3 Second level 3.91 m X 2.51 m Bedroom 2
Extra Room 4 Second level 2.49 m X 2.97 m Kitchen
Extra Room 5 Second level 3.25 m X 2.08 m Bathroom
Extra Room 6 Third level 3.07 m X 3.25 m Bedroom 3
Interior
Heating Forced air
Exterior
Parking Features No
Fence Fenced yard
View Y/N No
Private Pool No
Building
Story 2.5
Sewer Sanitary sewer
Listed by PRIME REAL ESTATE BROKERAGE