$699,000
7 CHURCH STREET
Beds
6
Baths
4
Sqft
—
Year
—
About this home
Solid Brick Legal Fourplex for Sale. This well-maintained investment property offers two 1-bedroom units and two 2-bedroom units, all with long-term tenant retention. Tenants pay their own hydro and water. Additional features include private upper and lower sun decks for each unit, along with ample parking for all residents. Mature 20-ft cedar hedges provide exceptional privacy. The property is heated by a newer computerized gas hot water heating system, delivering excellent cost efficiency. The hot water heating System is rented, with all servicing and parts included. An excellent opportunity to acquire a turnkey, income-generating fourplex in a desirable and quiet neighborhood. Unit 3 is vacant and has been recently updated with new kitchen cabinets, countertops, vinyl flooring, and a brand-new tub surround. Potential rent is $1,500/month. (id:65958)
- Subtype
- Multi-family
- MLS#
- X13013136
- Area
- ST._THOMAS
Cash on cash
-11.84%
Cap rate
3.52%
GRM
16.6
Break-even rent
$4,952
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 17, 2026.