MLS®: 164922 Status: For sale

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$1,650,000
Location:

20 Holland Street, St. Thomas Ontario, N5R4S2

20 Holland Street, St. Thomas Ontario
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. (id:2471)
Property:
Type: Multi-family
Lot Dimensions: 0.42Acreage: 0.42 ac|under 1/2 acre
Sewer: Municipal sewage systemWater: Municipal water
Structures: Patio(s)
Structure:
Age: 1964
Style: Multi-Family
Heating: Hot water radiator heat
Heating Type: Natural gas, Solar
Cooling Type: None
Foundation Type: Poured Concrete
Features:
Laundry- Coin operated     
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20 Holland Street, St. Thomas Ontario

RE/MAX Centre City Realty Inc., Brokerage - St. Thomas

Brenda Creeden
Broker

Email Me

Telephone:
ST. THOMAS 519-633-1000 or PORT STANLEY 519-782-5505

Cellular:
519-495-4532



Listing Office: ROYAL LEPAGE TRILAND RLTY(4)

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