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$ 1,999,000
Est. payment /mo
Active
29 CARTWRIGHT STREET London, ON N6B2W5
11 Beds
12 Baths
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision East F
MLS® Listing ID X11894325
Bedrooms 11
Originating Board London and St. Thomas Association of REALTORS®
Property Description
Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level. (id:24570)
Location
State ON
Interior
Heating Hot water radiator heat
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 12
Private Pool No
Building
Story 3
Sewer Sanitary sewer
Listed by SUTTON GROUP - SELECT REALTY