33 Station Street, St Thomas
- Bathrooms: 6
- Living area: 4326 square feet
- MLS®: x9053887
- Added: 45 days ago
- Updated: 44 days ago
- Last Checked: 4 days ago
Welcome to 33 Station located in growing St. Thomas. This six-unit building offers an exceptional opportunity for savvy investors. Comprised of two three-bedroom units, two two-bedroom units, and two one-bedroom units, Net operating income of $74,725.33, the building features seven hydro meters, one water meter, and one gas meter, ensuring efficient utility management. Recent updates include windows, kitchens, bathrooms, electrical, and plumbing. St. Thomas is experiencing a surge in development, making it a hotspot for investors. Major projects such as the new VW Battery Plant and the Amazon Facility are driving economic growth and attracting a robust workforce. The great tenant profile currently residing in the building offers stability, with room for rent increases, further increasing the propertys income potential. Additionally, theres potential for developing more units in the basement. This property offers a 6.6% cap rate. Interested parties are encouraged to inquire about competitive financing options available. Located in a thriving area with easy access to essential amenities, public transportation, schools, and parks. The combination of solid income, future development opportunities, and a prime location makes this property an excellent addition to any investment portfolio. Dont miss out on this fantastic opportunity. (id:1945)
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Property Details
- Heating: Hot water radiator heat, Natural gas
- Structure Type: Multi-Family
- Building Area Total: 4326
Interior Features
- Living Area: 4326
Exterior & Lot Features
- Water Source: Municipal water
- Parking Total: 6
- Lot Size Dimensions: Bldg=64.41 x 120 FT
Location & Community
- Directions: STATION STREET & MEDA STREET
Business & Leasing Information
- Business Type: Residential
Utilities & Systems
- Sewer: Sanitary sewer
Tax & Legal Information
- Tax Year: 2024
- Tax Annual Amount: 4658.61
- Zoning Description: R4
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