387 HORTON STREET E, London, Ontario, N6B1L6
Bathrooms5Bedrooms7
Property TypeMulti-family

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:15069)


Details
Parking Spaces4TransactionFor sale
Building
Bedrooms Main level7Basement DevelopmentUnfinished
BasementCrawl space (Unfinished)Exterior FinishVinyl siding, Stucco
Bathrooms (Total)5Heating FuelNatural gas
HeatingForced airStoreys Total2
TypeOtherUtility WaterMunicipal water
Land
Size Frontage33 ftSewerSanitary sewer
Size Depth165 ftSize Irregular33 x 165 FT

Listing Office: CENTURY 21 FIRST CANADIAN CORP

Data Provided by London and St. Thomas Association of REALTORS®

Last Modified :04/06/2024 10:25:51 AM

WalkScore
homes for sale london logo

View This Property

Fill out this form and we will schedule a showing.

    Powered by SoldPress.