Address: 241 ROSS STREET, St. Thomas FOR SALE Postal Code: N5R3Y5 Style: Type: Multi-family Multi-Family Bedrooms: 8 Bathrooms: 0 Lot Size: 48 ft ,2 in x 55 ft ,2 in Property Size: 48.19 x 55.2 FT
About 241 Ross Street
Exceptional Turn-Key Triplex in St. Thomas! 241 Ross St offers an outstanding cashflow opportunity, featuring a fully renovated three-unit property situated in a desirable and well-established neighbourhood.The property is fully leased with quality tenants and offers separately metered units. Each unit showcases bright, updated interiors with high ceilings, and the property includes parking for up to four vehicles. This is a clean, low-maintenance asset delivering immediate and stable cash flow, with the added flexibility for an owner to occupy one of the units if desired. Importantly, the property achieves a TRUE 7% CAP RATE, calculated conservatively and inclusive of maintenance, professional property management, and vacancy allowance, offering investors a realistic and properly underwritten return, with additional upside potential for a self-managed buyer who can retain the management costs.There is also the opportunity for an owner-occupant to move into one of the units while generating cash flow from the remaining suites, making it an attractive option for both investors and those looking to offset their housing costs. (id:56071). Get more information on 241 Ross Street
Property Features
Rental Equipment: Directions: Cross Streets: Ross St and Wellington St. ** Directions: coming from Locust St, turn right onto Ross St, building will be on the corner. Zoning Description: R3 Interior Size: 2929 sqft Lot: 48.19 x 55.2 FT 48.19 x 55.2 FT Water: Municipal water, Heating / Cooling: Natural gas / Fully air conditioned Age: Basement:
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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