38 HINCKS STREET, St. Thomas, Ontario, N5R3N6
MLS: X12921170 | Triplex
$514,000
Property Description
Calling all investors!! This all-brick turnkey TRIPLEX is cash flowing very nicely at current interest rates. All three units feature 1 bedroom and 1 bathroom and comes fully tenanted with A+ tenants. Investors will love the separately metered hydro, water and gas for all units(gas meters for Units 1 & 2, Unit 3 has electric heat and no gas). Units 2 and 3 have had plenty of updates/upgrades in the past 5 years such as floors, kitchens, appliances and lighting fixtures. Unit 1 received a new kitchen, including new fridge, dishwasher and microwave range hood, laminate flooring in kitchen and bathroom, as well as tub surround and bathroom sink just 3 years ago. Unit one also has direct access to a fenced in backyard. Each unit has their own hot water tank and a separate furnace for Units 1 & 2. A shared laundry facility is located in the shared basement area that stays perfectly dry due to moisture barriers installed. Current rents are $820, $1375 and $1275 per month ($41,640 Annually) and tenants cover all utilities other than the common area/basement (landlord pays roughly $30-$50/mo). There is an outdoor fire escape ladder for Units 2 & 3. The time to purchase this amazing TURNKEY investment property is NOW, as St Thomas is poised for growth for years to come with the massive VW Battery Plant currently under construction. (id:64974)
Quick Facts
- Property Type: Triplex
- Bedrooms: 3 (3 above)
- Bathrooms: 3
- Attached: Yes
- Frontage: 20 ft (6.2 m)
Costs
- Annual Taxes: $3,013.46
Listing Provided by: PRIME REAL ESTATE BROKERAGE
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: None
- Basement: Unfinished, Full
- Appliances: Washer, Refrigerator, Dishwasher, Dryer, Microwave, Two stoves
- Utilities: Sewer, Electricity, Cable
- Security: Smoke Detectors
Exterior & Construction
- Exterior: Brick
- Foundation: Block
- Fencing: Fenced yard
- Sewer: Sanitary sewer
- Water: Municipal water
Lot & Land
- Frontage: 20 ft (6.2 m)
- Zoning: R4
Community & Neighbourhood
- Building: Separate Electricity Meters
- Neighbourhood: St. Thomas
Room Details (13 rooms)
Listing Information
Listing History
MLS listing activity for 38 HINCKS STREET, St. Thomas, Ontario, N5R3N6 — dates reflect when changes were recorded in the DDF
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Mortgage & Cost Calculators
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38 HINCKS STREET, St. Thomas, Ontario, N5R3N6