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387 Horton St E

Horton St E, Central London, London, ON, N6B 1L6

-
Beds
-
Baths
3,000
Sq. Ft.
$749,900
List Price
Details
Photos
40
Comparables
History
387 Horton St E, London, ON - 1 of 3
387 Horton St E, London, ON - 2 of 3
387 Horton St E, London, ON - 3 of 3
36 days on market

Quick Summary

  • Highly desirable rental property
  • Conveniently located near downtown
  • Spacious lot with scenic trails
  • Generates $58,000 annual net income
  • Remarkable 7.1% cap rate
  • Near major transit routes
  • Walking distance to downtown
  • Vendor take back mortgage possible

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! Vendor take back mortgage is possible with 30% down to approved potential buyers. Contact the listing agent for showings! (id:54626)

Property Details

Size

3,000 sq. ft.
0 Beds
0 Baths

Lot

Size
396′0″ * 1980′0″
Acres
-

Heating & Cooling

Heating
Other
Cooling
-

Utilities

Water
Municipal water
Sewer
-
SHOW LESS

Source

Listing Brokerage

MLS® Listing
X9253693
Last Updated
September 6, 2024
Brokerage
CENTURY 21 FIRST CANADIAN CORP
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Call us 800-591-0566

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