Listed by Certainli Realty Inc.

54 Elizabeth Street is a Fourplex, 2-Storey and is currently for Sale @ $569,900. Taxes in 2024 were $2,512.00.

More homes for sale under 600k in St. Thomas

Welcome to 54 Elizabeth Street, an exceptional investment opportunity in the heart of St. The 2-Storey on 54 Elizabeth Street has 4 bedrooms, 4 bathrooms, and is located on a 123.00 x 40.00 ft loton < .50 acres in the community of SW . Thomas. Key features include 4 self contained 1bed/1bath units, a common laundry area with secure keypad access, central A/C, and 3 units with recent cosmetic upgrades, including new kitchens, vinyl flooring and new bathroom fixtures. This turnkey fourplex is situated within walking distance to downtown St. Thomas, tenants will have easy access to multiple grocery stores, bank branches, restaurants, cafes, and bars as well as quick access to public transit. As a bonus for the discerning investors, act fast and secure this property completely vacant by October 1st to set your own market rents and select the best tenants to maximize your investment returns!

Financial Highlights: Potential Rental Income (conservative market rent= 2 units $1050 +hydro, 2 units $1150 inclusive): $52,800/year Total Operating Expenses: $9,585/year. Net Operating Income: $43,215/year. Potential Cap Rate: 7.2%

The address 54 Elizabeth Street was listed for sale (MLS# X9241691) on Saturday, August 03, 2024.