$4,500,000

Investment For Sale In South London, London, Ontario

$4,500,000

Property Information:

This well-maintained 25-unit multi-family, brick building is a fantastic addition to any real estate portfolio. Nestled in a beautiful and highly sought-after neighborhood, this property is not only a gem for its tenants but also offers strong returns for investors, with a cap rate of approximately 5.5%. Highlights include 25 all-inclusive units, making renting convenient and attractive for tenants. Ample on-site parking for tenants and visitors alike, a rare find in the area. New flat roof installed in 2019, minimizing future maintenance costs. Convenient coin laundry facilities within the building for added tenant convenience and landlord income. With its prime location, solid construction, and amenities, this building is a turnkey investment. Take advantage of the demand in this fantastic neighborhood and the ease of all-inclusive units. Three vacant units await your tenant selection. This is an opportunity that's both attractive and enduring. Don't miss out! (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Other
  • Exterior Finish: Brick
  • Foundation Type: Concrete
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Appliances: Intercom

Property Features:

  • Property Type: Multi-family
  • Bathrooms: 25
  • Features: Sump Pump
  • Irregular: Yes
  • Lot Depth: 291.0 Feet
  • Lot Frontage: 49.7 Feet
  • Lot Size: 49.67 x 291 FT ; 148.09x93.24x291.53x49.67x145.27x42.07
  • Zoning: R9-4
  • Sewer: Sanitary sewer
  • No. of Parking Spaces: 25

Courtesy of: THRIVE REALTY GROUP INC.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.