387 Horton Street East London, ON N6B 1L6
Listing Courtesy of: CREA - C21 Brokers / Century 21 First Canadian Corp. Brokerage / Ken Patpatia

  387 Horton Street East London, ON N6B 1L6

Active (99 Days)
$749,900
7
BED
5
BATH
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Description

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:42016)

MLS®:
X9253691
Type
Multifamily
County
Middlesex County

Listed By

Ken Patpatia, Century 21 First Canadian Corp. Brokerage
Source
CREA - C21 Brokers
Last checked Nov 21 2024 at 7:25 AM GMT+0000
Bathroom Details
  • Full Bathrooms: 5
Property Features
  • Foundation: Concrete
Heating and Cooling
  • Natural Gas
  • Forced Air
Basement Information
  • Crawl Space
  • Unfinished
Exterior Features
  • Vinyl Siding
  • Stucco
Utility Information
  • Sewer: Sanitary Sewer
Parking
  • Total: 4
Stories
  • 2
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Disclaimer: REALTOR.CA The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Listing Data Last Updated: 11/20/24 23:25

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