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387 Horton St E

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

7
Beds
5
Baths
$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
130 days on market

Quick Summary

  • Highly desirable rental property
  • Conveniently located near downtown
  • Spacious lot with walking access
  • Generates $58,000 annual net income
  • Remarkable 7.1% cap rate
  • Close to scenic trails and amenities
  • Three-unit building with multiple units
  • 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

Size

Sq. Ft. Not Available
across 2 floors
7 Beds
7 Above Grade
5 Baths
5 Full

Parking

4 Parking Spaces
-

Lot

Size
396′0″ * 1980′0″
Acres
-

Build

Year Built
-
Model Name
-
Basement
Unfinished
Exterior
Stucco, Vinyl siding
Foundation
Concrete
Builder Name
-
Stories
2
Flooring
-
Roof
-

Heating & Cooling

Heating
Forced air
Cooling
-

Utilities

Water
Municipal water
Sewer
Sanitary sewer
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Source

Listing Brokerage

MLS® Listing
X9253691
Last Updated
October 28, 2024
Brokerage
CENTURY 21 FIRST CANADIAN CORP
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Call us 800-591-0566

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