Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level. (id:4069)
Address
29 CARTWRIGHT STREET
List Price
$1,999,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
London
Bedrooms
11
Bathrooms
12
Lot Size
60 x 166 FT Sq. Ft.
MLS® Number
X11894325
Listing Brokerage
SUTTON GROUP - SELECT REALTY
Postal Code
N6B2W5
Zoning
R3-2
Site Influences
Hospital, Park, Place of Worship, Public Transit, Schools
Features
Lane
