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)
| MLS® Number | X9253693 |
| Property Type | Multi-family |
| Community Name | East K |
| HeatingFuel | Natural Gas |
| HeatingType | Other |
| SizeInterior | 3000 Sqft |
| Type | Multi-family |
| UtilityWater | Municipal Water |
| 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
Contact us for more information
Ken Patpatia
Broker
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