387 Horton Street E, London, Ontario N6B 1L6 (27289266)


LOADING

387 Horton Street E London, Ontario N6B 1L6

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:52373)

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

Interested?

Contact us for more information


Ken Patpatia
Broker


Century 21 First Canadian Corp