This solid brick 4 plex needs updates, renos and refurbishment. It is sold as is, where it is, with no guarantees or warranties. Present rents are way below the current rental market, due to long-term tenants. The buyers can view one unit , and have a condition in the offer to purchase subject to inspection of other units. The subject property is built as a one-storey fourplex\\( quad style\\). A $50,000 deposit is required with an offer to purchase. Each unit is configured with a living room, dining room, kitchen, two beds and a four-piece bath along with full, partially finished basement levels. The basement levels include laundry, mechanical and recreation room areas. All measurements are approximate, to be verified by the buyer. The kitchen and bathrooms are original along with the original hardwood flooring and cosmetically dated and average or below average overall condition. The roof shingles were newer improvements along with various windows, along with two of the four furnaces. The property has 3 driveways and a single garage. The tenants are long-term with per unit rents reported at $720, $720, $750 and $750, combining to $2940 monthly and $35,280 annually with the tenants responsible for all utilities except the hot water heater. These rents were indicative of long-term tenancies. (id:52373)
| MLS® Number | X12319670 |
| Property Type | Multi-family |
| Community Name | East H |
| Parking Space Total | 5 |
| Bathroom Total | 4 |
| Bedrooms Above Ground | 8 |
| Bedrooms Total | 8 |
| Age | 51 To 99 Years |
| Architectural Style | Bungalow |
| Basement Type | Full |
| Exterior Finish | Brick |
| Foundation Type | Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 1 |
| Size Interior | 2,500 - 3,000 Ft2 |
| Type | Fourplex |
| Utility Water | Municipal Water |
| Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 125 Ft |
| Size Frontage | 75 Ft |
| Size Irregular | 75 X 125 Ft |
| Size Total Text | 75 X 125 Ft |
| Zoning Description | R8-1 |
| Level | Type | Length | Width | Dimensions |
|---|---|---|---|---|
| Main Level | Living Room | 4.67 m | 3.53 m | 4.67 m x 3.53 m |
| Main Level | Kitchen | 4.14 m | 3.48 m | 4.14 m x 3.48 m |
| Main Level | Primary Bedroom | 3.7 m | 3.48 m | 3.7 m x 3.48 m |
| Main Level | Recreational, Games Room | 5 m | 3.35 m | 5 m x 3.35 m |
| Cable | Installed |
| Electricity | Installed |
| Sewer | Installed |
https://www.realtor.ca/real-estate/28679287/360-stratton-drive-london-east-east-h-east-h
Contact us for more information
Sherry Farid
Salesperson
(519) 667-1800
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