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! Contact the listing agent for showings!
PT LT 9 , S/E HORTON STREET , BEING THE E 1/2 OF THE E 1/2 ; LONDON
Possession Date
Flexible
Taxes (2023)
$2,490
Directions/Cross Streets
Colborne & Horton
Neighbourhood
East K
Area
Middlesex
Price History
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Detailed Information
Fronting On
E
Special Designations
Unknown
Bedrooms
7
Bathrooms
5
Rooms
11
Kitchens
4
Lot
33 x 165 ft
Approximate Age
51-99
Exterior
Stucco/Plaster, Vinyl Siding
Air Conditioning
None
Family Room
Y
Fireplace/Stove
N
Pool
None
Basement
Crawl Space, Unfinished
Drive
Front Yard
Garage Spaces
0.0
Garage Type
None
Parking Spaces
4
Total Parking Spaces
4.0
Heat Source
Gas
Heat Type
Forced Air
Sewers
Sewers
Water
Municipal
Zoning
R8-4,AC4
Seller Property Info Statement
N
Bathrooms
Pieces
Level
4
Main
4
Main
4
2nd
4
2nd
4
2nd
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