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! (id:4069)
Address
387 HORTON STREET E
List Price
$749,900
Property Type
Multi-family
Type of Dwelling
Multi-Family
Area
Ontario
Sub-Area
London
Floor Area
3,000 Sq. Ft.
Lot Size
33 x 165 FT Sq. Ft.
MLS® Number
X9253693
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Postal Code
N6B1L6
Zoning
R8-4, AC4
