387 Horton Street London, Ontario N6B 1L6
$795,000
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. (id:41954)
Property Details
| MLS® Number | X8285652 |
| Property Type | Business |
| Community Name | EastK |
| Amenities Near By | Public Transit |
| Parking Space Total | 4 |
Building
| Bathroom Total | 5 |
| Bedrooms Total | 7 |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Exterior Finish | Stucco, Vinyl Siding |
| Fireplace Present | Yes |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 3000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit |
| Sewer | Sanitary Sewer |
| Size Irregular | Unit=33 X 165 Ft |
| Size Total Text | Unit=33 X 165 Ft|under 1/2 Acre |
https://www.realtor.ca/real-estate/26827922/387-horton-street-london-eastk
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May 14 2024 05:47:58
Toronto Real Estate Board
Century 21 First Canadian Corp., Brokerage