387 Horton Street , London, ON N6B 1L6
London, ON N6B 1L6
Description
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!
Details
| MLS# | X9253693 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 163 |
| Listing Provided By | CENTURY 21 FIRST CANADIAN CORP | Not Provided |
Features
| SQ Feet | 3,000 |
|---|
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Learn More About This Property
| State | ON |
|---|---|
| County | Middlesex |
| City | London |
| Zip Code | N6B 1L6 |
| Area | East K |
| Listing VS Median (in N6B 1L6) | |
Price: $749,900 low | high Med: $749,900 SqFt: 3,000 low | high Med: 3,000 $ / SqFt: $250 low | high Med: $250 On Site: 163 low | high Med: 163.000000 | |