Quick Summary
Quick Summary
- Highly desirable rental near downtown
- Spacious lot, near transit
- 3 units, 5 bedrooms total
- $58,000 annual net income
- 7.1% cap rate
- Near scenic trails, ball games
- Festivals and events downtown
- Lucrative investment opportunity
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... Show More
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! (id:54626)
Property Details
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For Sale Nearby
Sold Nearby
- 3
- 1
- 1,000 - 1,199 Sq. Ft.
- 2
- 2
- 800 - 899 Sq. Ft.
- 1
- 1
- 2
- 2
- 1
- 1
- 1
- 1
- 2
- 2
- 2,250 - 2,499 Sq. Ft.
- 2
- 4
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