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$ 749,900
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Active
387 Horton ST E London, ON N6B 1L6
3,000 SqFt
UPDATED:
08/29/2024 01:19 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 3,000 sqft
Price per Sqft $249
MLS Listing ID X9253693
Annual Tax Amount $2,490
Tax Year 2023
Property Description
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!
Location
State ON
County Middlesex
Community East K
Area Middlesex
Zoning R8-4, AC4
Region East K
City Region East K
Interior
Cooling No
Inclusions Carbon Monoxide Detector, Other, Smoke Detector
Exterior
Utilities Available Yes
Lot Frontage 33.0
Lot Depth 165.0
Listed by CENTURY 21 FIRST CANADIAN CORP