75 Elm St
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75 Elm St
33 Unit Apartment Building $5,041,595 USD ($152,776 USD/Unit) St Thomas, ON N5R 1H7
Investment Highlights
- 33 outdoor designated parking spots.
- Ideally located on bus route, close to hospital, shopping, schools as well as employment
- Controlled entry in main building
Executive Summary
Welcome to 75 Elm Street, St.Thomas. This 33 suite, 3 building residential apartment complex has been renovated from top to bottom. (3 level 14 units, motel style 11 units & 2 storey townhouse 8 units) It has 33 outdoor designated parking spots. It consists of 4-1 bedroom apartments, 29-2 bedroom apartments. Some of the recent renos include glass balconies, all new floorings in hallways & units. All new kitchen, bathrooms & all new appliances & much more. Separate hydro meters for all units paid by the tenant. Market rent. Controlled entry in main building, all buildings up to current fire code, ideally located on bus route, close to hospital, shopping, schools as well as employment. Tremendous opportunity for the investor looking for the perfect cash-flowing turn-key building.The 33rd unit is a service non-income producing unit that can be used as a superintendents accommodation.
Property Facts
| Price | $5,041,595 USD | Building Class | C |
| Price Per Unit | $152,776 USD | Lot Size | 1.18 AC |
| Sale Type | Investment | Building Size | 32,110 SF |
| No. Units | 33 | No. Stories | 3 |
| Property Type | Multifamily | Year Built | 1991 |
| Property Subtype | Apartment | Parking Ratio | 1.03/1,000 SF |
| Price | $5,041,595 USD |
| Price Per Unit | $152,776 USD |
| Sale Type | Investment |
| No. Units | 33 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 1.18 AC |
| Building Size | 32,110 SF |
| No. Stories | 3 |
| Year Built | 1991 |
| Parking Ratio | 1.03/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
| 2+1 | 27 | - | - |
| 3+1 | 2 | - | - |
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zoning
| Zoning Code | R5 (Residential Zone) |
| R5 (Residential Zone) |
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75 Elm St
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