MONEY MAKER! Legal Five-Unit Property FULLY LEASED! Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Rented At $1,300 + Hydro, Unit #4 Rented At $1,600 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 6.9%. An Amazing Investment Opportunity With All Units Currently Tenanted At Market Rents. Annual Income $94,200. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses.
MLS# | 40629657 |
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Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 1888 |
Days On Site | 93 |
Listing Provided By | Rock Star Real Estate Inc., Brokerage | Mike Desormeaux |
Bed(s) | 11 |
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Bath(s) | 5 |
SQ Feet | 3,668 |
Basement | Y |
Story(s) | 2 |
Units | 5 |
Zoning | BDC(35) H13 |
Province | ON |
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County | Middlesex |
City | London |
Postal Code | N5Z 1P9 |
Area | East |
Subarea | East L |
Community Name | East L |
Listing VS Median (in East L) | |
Price: $999,800 low | high Med: $2,100 SqFt: 3,668 low | high Med: 500 $ / SqFt: $273 low | high Med: $4 On Site: 93 low | high Med: 10.000000 |