Investor Alert! This well-maintained duplex presents an excellent opportunity with annual rental income of $34,332 and a solid 7.4% cap rate. Ideally located steps away from downtown, a short drive to London, The 401 Highway and the sandy shores of Port Stanley. The main floor unit features 1 bedroom, a 3-piece bathroom, and is currently month-to-month at $1,486/month + utilities. Month to month tenants provide the flexibility of moving in and letting the other unit cover part of your mortgage. The upper unit is a freshly renovated 2-bedroom with its own 3-piece bath and was just leased for $1375/month + utilities. Vacant possession of both units is an option as well! Recent upgrades include: updated electrical and plumbing, waterproofing membrane installed around the interior foundation, sump pump, 100-amp electrical panel for the upper unit. Whether you're looking to owner-occupy or expand your income property portfolio with a high-yield investment, this fully rented duplex checks all the boxes. (id:53015)
MLS® Number | X12263713 |
Property Type | Multi-family |
Community Name | St. Thomas |
Features | Sump Pump, In-law Suite |
Structure | Deck |
Bathroom Total | 2 |
Bedrooms Above Ground | 3 |
Bedrooms Total | 3 |
Age | 100+ Years |
Appliances | Water Heater, Dryer, Stove, Washer, Refrigerator |
Basement Development | Unfinished |
Basement Type | Full (unfinished) |
Exterior Finish | Aluminum Siding |
Foundation Type | Concrete, Block |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Stories Total | 2 |
Size Interior | 1,100 - 1,500 Ft2 |
Type | Duplex |
Utility Water | Municipal Water |
No Garage | |
Street |
Acreage | No |
Sewer | Sanitary Sewer |
Size Depth | 86 Ft ,9 In |
Size Frontage | 26 Ft ,7 In |
Size Irregular | 26.6 X 86.8 Ft |
Size Total Text | 26.6 X 86.8 Ft |
Zoning Description | R4 |
https://www.realtor.ca/real-estate/28560711/79-st-catharine-street-st-thomas-st-thomas
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