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 (101 Days)

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! Vendor take back mortgage is possible with 30% down to approved potential buyers. Contact the listing agent for showings! (id:42016)

MLS®:
X9253693
Type
Multifamily
County
Middlesex County

Listed By

Ken Patpatia, Century 21 First Canadian Corp. Brokerage
Source
CREA - C21 Brokers
Last checked Nov 23 2024 at 10:30 PM MST
Bathroom Details
Heating and Cooling
  • Other
  • Natural Gas
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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: 11/23/24 14:30

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