48 Mitchell St, St. Thomas

48 Mitchell St, St. Thomas, St. Thomas N5R2T9

2 1/2 Storey, Fourplex Property
3 + 2 Rooms Total, 3 + 1 Kitchens
4 Parking Spaces

33.00 x 123.29

Finished Basement
Alum Siding, Brick Exterior

Attention Investors! Turnkey 4-Plex With Positive Cash Flow! This Fully Rented Income-Generating 4-Plex In Fast-Growing St. Thomas Is An Exceptional Opportunity For Investors Seeking Strong Returns. With An Annual Rental Income Of $71,160 And A Net Operating Income Of $61,385, This Property Is Already Producing Positive Cash Flow And Requires Minimal Maintenance.The Building Features Three Recently Updated 2-Bedroom Units And One 1-Bedroom Unit, Each Offering Modern Finishes And Upgrades. The Main-Floor 2-Bedroom Unit Has Been Refreshed With An Updated Kitchen, Featuring New Cabinet Doors, Countertops, Sink, And Faucet, Along With An Updated Laundry Area. New Vinyl Flooring Extends Through The Eat-In Kitchen And Hallway, While The Living Room And Bedrooms Boast Hardwood Floors. The Bathroom Has Also Been Upgraded, Adding To The Units Appeal.The Basement 2-Bedroom Unit Has Been Updated With New Vinyl Flooring Throughout, New Laundry Machines, And A Modernized Kitchen And Bathroom, Ensuring A Comfortable Living Space For Tenants. The Upper-Level 2-Bedroom Unit Has Undergone A Complete Renovation, Including A Brand-New Kitchen With New Cabinets, Countertops, Tiled Backsplash, Sink, Faucet, And Appliances. The Bathroom Has Been Fully Modernized With A New Vanity, Faucet, And Tiled Shower, While New Vinyl Flooring Extends Throughout The Unit. The 1-Bedroom Unit Remains Well-Maintained And Continues To Attract Stable Tenancy.With 4-Car Parking And A Prime Location Within Walking Distance Of Shops, Restaurants, Cafes, Parks, Trails, And Schools, This Property Offers Both Convenience And Long-Term Investment Stability. St. Thomas Is Experiencing Rapid Growth, Making This The Perfect Time To Invest In A High-Demand Rental Market. Don't Miss Out On This Turnkey Investment Opportunity. Schedule Your Showing Today!

Pt Lt 13 Blk H Pl 3 St. Thomas As In E363482; S/T & T/W E363482; St. Thomas

3-piece on main level
4-piece on upper level
4-piece on 2nd level
3-piece on lower level