ON
St. Marys
N4X0C1
128 Park Street
128 Park Street, St. Marys, ON N4X0C1
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Listing Type
Multi Family
Listing Status
Active
10
$789,000

Home Details for 128 Park Street

Price
$789,000
Type
Residential Income
Bedrooms
6
Total Bathrooms
4
Listing #
X13584986
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:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
  • Cooling Information
    • Window Unit(s)
  • Garage
    • 1
  • Parking
    • Attached
Listing Courtesy: NU-VISTA PINNACLE REALTY BROKERAGE INC
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