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$ 749,000
Est. payment | /mo
6 Beds
4 Baths
$ 749,000
Est. payment | /mo
6 Beds
4 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000 - 3500
Subdivision St. Marys
MLS® Listing ID X13584986
Bedrooms 6
Property Description
Investment Opportunity - Turnkey Fourplex in the Heart of St. Marys An exceptional opportunity to acquire a well-performing fourplex in one of St. Marys' established residential neighbourhoods. Ideally situated on the prominent corner of Park Street and Wellington Street, 128 Park Street offers investors a stable, income-producing asset with strong financial performance and long-term growth potential. Generating approximately $67,000 in annual gross rental income and boasting a Net Operating Income (NOI) of $48,367, this property is offered at $789,000, presenting an attractive capitalization rate for investors seeking dependable cash flow and future appreciation. Corner lot positioning provides excellent curb appeal, strong tenant appeal, and long-term redevelopment potential, while the property's location offers convenient access to downtown amenities, parks, schools, shopping, and major commuter routes. Whether you're expanding an existing portfolio or acquiring your first multi-family investment, this turnkey fourplex delivers the fundamentals investors are looking for: consistent income, proven performance, and a desirable location in the growing community of St. Marys. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Window air conditioner
Exterior
Parking Features Yes
View Y/N No
Attached Garage Yes
Total Parking Spaces 7
Garage Yes
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by NU-VISTA PINNACLE REALTY BROKERAGE INC
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