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$999,800
Status: For Sale
MONEY MAKER! Legal Five-Unit Property FULLY LEASED! Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Rented At $1,300 + Hydro, Unit #4 Rented At $1,600 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 6.9%. An Amazing Investment Opportunity With All Units Currently Tenanted At Market Rents. Annual Income $94,200. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses.
| Property Type | :Residential Income |
|---|---|
| MLS Number | :40629657 |
| Listing Type | :Sale |
| Property Age | :100+ Years |
| Possession Date | : |
| Last Updated | :26 Sep, 2024 (57 Days ago) |
| Source | :Oakville |
| Area | :Middlesex |
|---|---|
| City | :London |
| Area Major | :East |
| Area Minor | :East L |
| Postal Code | :
N5Z 1P9
|
| Directions | :Adelaide Street N/Hamilton Rd |
| Price | : $999,800 |
|---|---|
| Property Taxes | :$6012 |
| Tax Year | :2024 |
|---|
| Bedrooms | :11 + |
|---|---|
| Heating | :Forced Air |
| Place of Worship | :No |
| Cross Street | :Adelaide Street N |
| Bathrooms | :5 |
|---|---|
| Approx Square Footage | :3668 sqft |
06 Aug, 2024
TREB #40629657
Listed
$999800
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