About 75 Thompson
A rare opportunity in Stapleton’s prime location near Bay Street: 69–71–73 (75) Thompson Street. Three buildings are being sold as a package, offering a total of 21 units: 13 apartments, # 69 1 bed, 1 bath each, and #71,#75 2 beds and 1 bath each; 4 offices, 4 garages. heater, boiler separated, tenants pay utilities they own. Annual gross income: $356,440, Annual expenses: $75,024.66, Net operating income: $281,415. Current return: 9%+ with additional upside. Significant development potential due to updated air rights (especially at 73 Thompson), 69 & 71 Thompson benefit from ongoing tax abatements, Strong rental income with upside from leasing vacant space, Prime, high-demand location with long-term growth potential. The seller is motivated and open to all serious offers. Don’t miss the chance to own this exceptional investment property.
