38 Hincks St

SW, St. Thomas, N5R 3N6
FOR SALE
$574,000
Expired
$0
38 Hincks St, St. Thomas
38 Hincks St
38 Hincks St
38 Hincks St
38 Hincks St
38 Hincks St
38 Hincks St
38 Hincks St
38 Hincks St
38 Hincks St
3
BEDROOMS
3
BATHROOMS
3
KITCHENS
9
ROOMS
X8487162
MLSID
Contact Us
Listing History
List Date End Date Days Listed List Price Sold Price Status
2024-06-28 2024-10-02 97 $574,000 - Expired
Property Description
Calling All Investors!! This All-Brick Turnkey Triplex Is Cash Flowing At Current Interest Rates. All Three Units Feature 1 Bedroom And 1 Bathroom And Come 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, $1150 And $1375 Respectively And Tenants Cover All Utilities Other Than The Common Area/Basement (Landlord Pays Roughly $30/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, And The New Amazon Distribution Plant Just Minutes Away In Talbotville.
Property Details
Street
Community
Property Type
Triplex, 3-Storey
Similar Listings
91 CURTIS St, St. Thomas
4
BEDS
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BATHS
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ATTENTION INVESTORS!! Welcome to 91 Curtis St. in historic St. Thomas! This Brick 2.5 storey TRIPLEX is situated in a prime location downtown with countless amenities all within steps from the front door, plus a quick drive to London, HWY 401, & Port Stanley beach. The MAIN floor (including partially finished basement) is currently rented month to month for $1486 + hydro and offers 1 spacious bedroom, a 4 piece bath, updated kitchen, large living room & dining room plus a partially finished lower with a bonus room, laundry, storage & a side entrance. The SECOND floor unit currently rented month to month for $1600 + hydro and offers 2 bedrooms, living room, kitchen, an updated 4 piece bath, plenty of living space & lots of natural light. The THIRD floor unit currently rented month to month for $1200 + hydro offers 1 bedroom, living room, kitchen and a 3 piece bath. Seperate hydro meters for all units as well as fire escapes! The rear yard has plenty of parking plus an oversized garage currently rented month to month for $300!! Some additional notable updates include: newer shingles '15, windows, flooring, electrical panels & gas boiler '08. Currently generating over $55,000 per year in gross rents, this property offers a great opportunity in an excellent location to add on to your income property portfolio!
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