3000 sqft
Other
$749,900
Exciting Investment Opportunity! Highly desirable rental property conveniently located near downtown. This three-unit building is situated on a spacious lot, within walking distance to downtown and near major transit routes. Units 1 and 2 offer two bedrooms and one bathroom each on the ground level. Unit 3, located on the upper level, is divided into three separate units (A, B, and C). Unit A features 2 bedrooms and 1 bathroom, Unit B has 1 bedroom and 1 bathroom, and Unit C is a bachelor unit with a bathroom. Experience the beauty of scenic trails along the Thames River, attend major ball games in London, and enjoy various festivals and entertainment events downtown. This property generates a net income of $58,000 annually, with a Pro Forma worksheet available for review upon request. With a remarkable cap rate of 7.1%, this investment opportunity is not to be missed. Act swiftly to seize this lucrative opportunity! Vendor take back mortgage is possible with 30% down to approved potential buyers. Contact the listing agent for showings! (id:18082)
Property Details
MLS® Number
|
X9253693 |
Property Type
|
Multi-family |
Community Name
|
East K |
Building
HeatingFuel
|
Natural Gas |
HeatingType
|
Other |
SizeInterior
|
3000 Sqft |
Type
|
Multi-family |
UtilityWater
|
Municipal Water |
Land
Acreage
|
No |
SizeDepth
|
165 Ft |
SizeFrontage
|
33 Ft |
SizeIrregular
|
33 X 165 Ft |
SizeTotalText
|
33 X 165 Ft |
ZoningDescription
|
R8-4, Ac4 |
https://www.realtor.ca/real-estate/27289266/387-horton-street-e-london-east-k