Listing Presented by LESTARI RUPERT with St. Thomas & Area (519) 280-2517
MLS®#: 164922 $1,650,000 20 HOLLAND Street ST. THOMAS ON N5R 4S2
Description: Very well maintained 12 plex with good, long term tenants. All apartments have balconies or patios. Replacement windows. Many updates. Coin operated washer and dryer (owned). Landlord pays heat, water and common area maintenance. Tenants pay hydro. Future growth for income as rents reach market levels. Gross projected income for 2019 (including solar panel and laundry) is $135,581. Expenses about $40,000. Solar panel projected income for 2019 is $10,676 per year and is included with property. Buyers must qualify to assume the solar contract. To qualify, the building and solar panels must be in an individual's name, not a corporation. Call listing agent for details. Income from solar panel has HST in addition to.
Directions: ELM STREET EAST OF FIRST, FIRST STREET ON RIGHT
City of St. Thomas