184 Simcoe ST Active Save Request In-Person Tour Request Virtual Tour
London,ON N6B 1H9
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2000-2500
Subdivision East K
MLS Listing ID X11992024
Style Backsplit 4
Bedrooms 6
Annual Tax Amount $3,445
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,750/m) 1 + Den, Front door renovated: Unit#2($1,050/m): Access through rear, 1 Bed, renovated Unit#3($1,332/m): Access through rear main level door, 1 Bed, Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, Coin Laundry ($150/m): Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. Take advantage of Vendor Financing 6.5% interest. After Mortgage, insurance, utilities NET Income positive cashflow $1,362.10/m**EXTRAS** Any chattels remaining on the property not belonging to Tenants. LIVE IN VACANT FRONT UNIT Vendor Mortgage = $3,367/m; Collect 3 rents+laundry = $3,762/m, Property taxes - $287/m, Utilities/Insurance - $496/m live here your Total monthly payment = $338/m with minimum Down Payment!
Location
State ON
County Middlesex
Community East K
Area Middlesex
Rooms
Family Room Yes
Basement Finished,Separate Entrance
Kitchen 4
Separate Den/Office 1
Interior
Interior Features Other
Cooling None
Inclusions Currently on the property : common area Coin Washer and Dryer, gas Tankless hot water system, in possession of Seller, with ownership unknown.
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 38.55
Lot Depth 197.74
Total Parking Spaces 8
Building
Foundation Concrete Block
Others
Senior Community No