Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $141,291 with an NOI of $94,896. Attractive assumable financing available (approx. 2.69%, subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:52373)
| Business Type | Residential |
| Business Sub Type | Apartments |
| MLS® Number | X12494896 |
| Property Type | Multi-family |
| Community Name | East D |
| Features | Irregular Lot Size |
| Parking Space Total | 12 |
| Cooling Type | None |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Size Interior | 6,000 Ft2 |
| Type | Multi-family |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 127 Ft |
| Size Frontage | 75 Ft ,11 In |
| Size Irregular | 75.97 X 127 Ft ; 126.01 X 123.55 X 128.00 X 75.97 |
| Size Total Text | 75.97 X 127 Ft ; 126.01 X 123.55 X 128.00 X 75.97 |
| Zoning Description | R9-2*h12 |
https://www.realtor.ca/real-estate/29052150/139-godfrey-drive-london-east-east-d-east-d
Contact us for more information
Avery Mellor
Salesperson
(519) 204-5055
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