387 HORTON Street

London, Ontario, N6B1L6, Canada

$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! Vendor take back mortgage is possible with 30% down to approved potential buyers.

EXTRAS: Paved driveway

Last updated on : Tuesday 2nd of April 2024 01:44:00 PM

ADDRESS

Street : 387 HORTON Street

City : London

Province : Ontario

Country : Canada

Postal Code : N6B1L6

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PROPERTY SUMMARY

Property ID : 40552832

Building Type : Triplex

Property Type : Multi-family

Bedrooms : 7

Bathrooms : 5

Parking : 4

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