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:47423)
Interested in obtaining the full price history for this property? Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.
Detailed Information
Bedrooms
5+1
Bathrooms
3
Lot
31.92 x 251 ft
Listing Contract Date
2024-08-12
Location Description
Left onto Colborne from Oxford heading East.
# of Parking Spaces
5
Property Type
Single Family
Transaction Type
For sale
Zoning Description
R2-2
Building
Basement Development
Finished
Basement Type
Full (Finished)
Exterior Finish
Concrete
Foundation Type
Block
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Triplex
Utility Water
Municipal water
Land
Total Size
31.99 x 251 FT
Sewer
Sanitary sewer
Size of Irregular Land
31.99 x 251 FT
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