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508 Horton Street E London, Ontario N6B 1M5

2959.6500
Central Air Conditioning Forced Air

$695,000

Great value at $200,000 a unit with this large mostly brick licensed 4-plex. This property has been meticulously maintained and updated over the last 5 years with nearly $150,000 spent during that time in updates. Exterior has been fully overhauled including roof, brick on the front of building, asphalt driveway, siding/aluminum work, fencing, exterior doors, and fully excavated and newly concrete poured basement entrance. Long term tenants with large upside in rents when the opportunity for tenant turnovers come available. Lead water service removed in 2020, cabinets in units A B and C were done in 2017, unit B was fully remodelled in 2017, and a full list of updates can be sent by email. This property also has light industrial zoning, which could allow you to add a shop to the rear of the property to increase rent or use for a personal business. Take advantage of the low vacancy rates for shop/warehouse/industrial space in the city. Great parking with the ability for 3-4 tenants to park without stacking. This multi-family property offers upside with rents, long term tenants, great location, and zoning opportunity. Don't miss the chance to add a great asset to your portfolio. (id:18082)

Property Details

MLS® Number 40274376
Property Type Multi-family
Amenities Near By Public Transit, Shopping
Features Paved Driveway
Parking Space Total 7
Structure Shed

Building

Basement Development Unfinished
Basement Type Partial (unfinished)
Constructed Date 1880
Construction Material Wood Frame
Construction Style Attachment Detached
Cooling Type Central Air Conditioning
Exterior Finish Vinyl Siding, Wood
Fire Protection Unknown
Foundation Type Poured Concrete
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 2959.6500
Type Fourplex
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 196 Ft
Size Frontage 39 Ft
Size Total Text Under 1/2 Acre
Zoning Description Li2/bdc(37)*h13

https://www.realtor.ca/real-estate/24508362/508-horton-street-e-london

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