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:4069)
Address
44 JACKSON Street
List Price
$4,150,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
St Thomas
Bedrooms
30
Bathrooms
24
Floor Area
10,000 Sq. Ft.
Frontage Length
265 ft
Year Built
1967
MLS® Number
40873212
Listing Brokerage
Peak Realty Ltd.
Basement Area
None
Postal Code
N5P2R9
Zoning
R3
Ownership
Freehold
Parking Places (Total)
24
Site Influences
Park, Place of Worship, Public Transit, Schools, Shopping
Features
Paved driveway, Laundry- Coin operated
Heat Source
Natural gas
Heat Type
Other
Number Of Floors In Building
3
Water Source
Municipal water
Access To Property
Highway access
Sewer
Municipal sewage system
