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Listing Presented by LESTARI RUPERT with St. Thomas & Area  (519) 280-2517
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Contact:LESTARI RUPERT
St. Thomas & Area
Mobile:(519) 280-2517
Fax:(519) 631-9716
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MLS®#: 164922 $1,650,000 20 HOLLAND Street ST. THOMAS ON N5R 4S2
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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
Property Type:
MULTI-FAMILY
Property Sub-Type:
3 Storey
Area:
City of St. Thomas
Neighborhood:
ST. THOMAS
Lot Dimensions:
116.85X158.93
Taxes:
$20,527.00
Tax Year:
2018
Exterior:
Brick Veneer
Heat:
Hot Water-Gas,Solar
Sewer:
Municipal Sewers
Water:
Municipal
Zoning:
R5-1
ROYAL LEPAGE TRILAND RLTY(4)