Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlords dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 4\\6 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College. (id:47423)
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Detailed Information
Bedrooms
4+4
Bathrooms
2
Lot
45 x 94 ft
Amenities Nearby
Park, Place of Worship, Schools
Listing Contract Date
2024-05-09
Location Description
North on Adelaide towards Princess Ave, West of Adelaide St, South of Central Ave
# of Parking Spaces
4
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R3-2
Building
Appliances
Dryer, Refrigerator, Stove, Two Washers, Two stoves, Washer
Basement Type
None
Cooling Type
Wall unit
Exterior Finish
Vinyl siding, Brick
Foundation Type
Poured Concrete
Heating Fuel
Electric
Heating Type
Baseboard heaters
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Land
Total Size
45.25 x 94 FT ; 94.24 x 45.41 ft x 94.23 ft x 45.41 ft | under 1/2 acre
Amenities
Park, Place of Worship, Schools
Sewer
Sanitary sewer
Size of Irregular Land
45.25 x 94 FT ; 94.24 x 45.41 ft x 94.23 ft x 45.41 ft
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