Introducing a prime investment opportunity in the vibrant Court House District of St. Thomas, Ontario! Nestled on the desirable 53 Gladstone Avenue, this fourplex presents a lucrative prospect for savvy investors. Boasting four well-appointed 1-bedroom units, this property commands an impressive annual revenue of $67,000, making it a lucrative addition to any portfolio. What's more, with a current offering at a remarkable 7% capitalization rate, the potential for solid returns is undeniable. Recently renovated to the tune of $150,000, this turnkey property exudes quality and modernity, ensuring a hassle-free ownership experience. Each unit is meticulously maintained, attracting A+ tenants who not only pay rent promptly but also take great care of the premises, providing peace of mind for discerning investors. Beyond its inherent value, investing in 53 Gladstone Avenue means investing with multinational corps like Volkswagen & Amazon etc. You don't want to miss out on this one! (id:4069)
| Address |
53 GLADSTONE AVENUE N |
| List Price |
$724,900 |
| Property Type |
Single Family |
| Type of Dwelling |
Fourplex |
| Area |
Ontario |
| Sub-Area |
St Thomas |
| Bedrooms |
4 |
| Bathrooms |
4 |
| Lot Size |
66 x 57 FT Sq. Ft. |
| MLS® Number |
X8303192 |
| Listing Brokerage |
BLUE FOREST REALTY INC.
|
| Basement Area |
N/A (Unfinished) |
| Postal Code |
N5R2L7 |
