Exciting Update on Rental Property! Achieving a 5.1% Cap Rate with Over $50,000 in Gross Income! Explore this property with an exceptionally deep lot, just moments away from Downtown, Western University, Fanshawe College, St. Joseph's Hospital, and numerous amenities. This two-story brick residence is fully occupied and ready for a new owner. It comprises lower, first, and second-floor units, each with its own entrance. The lower and first-floor units include utilities, while the second unit is separately metered for electricity. Additional revenue streams come from local businesses leasing parking spaces at the rear of the property. Don't miss out on this opportunity to own a slice of downtown London! Income and expense details are available upon request. This property is completely turnkey! (id:52373)
| MLS® Number | X9251807 |
| Property Type | Single Family |
| Community Name | East B |
| ParkingSpaceTotal | 5 |
| BathroomTotal | 3 |
| BedroomsAboveGround | 5 |
| BedroomsBelowGround | 1 |
| BedroomsTotal | 6 |
| BasementDevelopment | Finished |
| BasementType | Full (finished) |
| ExteriorFinish | Concrete |
| FoundationType | Block |
| HeatingFuel | Natural Gas |
| HeatingType | Forced Air |
| StoriesTotal | 2 |
| Type | Triplex |
| UtilityWater | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| SizeDepth | 251 Ft |
| SizeFrontage | 31 Ft ,11 In |
| SizeIrregular | 31.99 X 251 Ft |
| SizeTotalText | 31.99 X 251 Ft |
| ZoningDescription | R2-2 |
https://www.realtor.ca/real-estate/27284321/763-colborne-street-london-east-b
Contact us for more information
Durga Prasad Aaripaka
Salesperson
Richard Salhani
Salesperson
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