LOADING

387 Horton Street E London, Ontario N6B 1L6

7 Bedroom 5 Bathroom
Forced Air

$795,000

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:53488)

Property Details

MLS® Number X8150402
Property Type Multi-family
Community Name EastK
Parking Space Total 4

Building

Bathroom Total 5
Bedrooms Above Ground 7
Bedrooms Total 7
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Exterior Finish Vinyl Siding, Stucco
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Type Other
Utility Water Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 165 Ft
Size Frontage 33 Ft
Size Irregular 33 X 165 Ft
Size Total Text 33 X 165 Ft

https://www.realtor.ca/real-estate/26634952/387-horton-street-e-london-eastk

Interested?

Contact us for more information


Generating Captcha

Ken Patpatia
Broker

(519) 878-7459
(519) 673-6789
www.ken-patpatia.c21.ca/

Century 21 First Canadian Corp

(519) 673-3390

Your Favourites

 

No Favourites Found

 

Contact Melanie & Shelby Pearce

Sales Representative for Royal Lepage Triland Realty, Brokerage

YOUR LONDON, ONTARIO REALTOR®

You can rely on us to be a realtor who will advocate for you and strive to get you what you want. Reach out to us today- We're excited to hear from you!