387 Horton Street East, London | Image 1

387 Horton Street East

London, East K

  • 7 bed 5 bath
$749,900 est.*: $2,540/mo
For Sale

Added 3 months ago

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  • Type: Multiplex

  • Style: 2-Storey

  • Lot Size: 33 x 165 Feet

  • Age: 51-99 years

  • Taxes: $2,490 per year

  • Days on Site: 75 Days

  • Added: Aug 14, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • MLS®#: X9253691

  • Listed By: Century 21 first canadian corp

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!

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Property

  • Status: Sale

  • Property Type: Multiplex

  • Style: 2-Storey

  • Age: 51-99

  • Area: London

  • Community: East K

  • Availability Date: Flexible

Inside

  • Bedrooms: 7

  • Bathrooms: 5

  • Kitchens: 4

  • Rooms: 11

  • Den/Family Room: Yes

  • Air Conditioning: None

  • Fireplace: No

  • Washrooms: 5

Building

  • Basement: Crawl Space

  • Basement 2: Unfinished

  • Heat Type: Forced Air

  • Heat Source: Gas

  • Exterior: Stucco/Plaster

  • Exterior: Vinyl Siding

  • Water Supply: Municipal

  • Special Designation: Unknown

Parking

  • Driveway: Front Yard

  • Garage Type: None

  • Covered Parking Spaces: 4

  • Total Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT 9 , S/E HORTON STREET , BEING THE E 1/2 OF THE E 1/2 ; LON

  • Taxes: $2,490

Land

  • Cross Street: Colborne & Horton

  • Municipality District: London

  • Fronting On: East

  • Parcel Number: 083190099

  • Pool: None

  • Sewer: Sewers

  • Lot Depth: 165 Feet

  • Lot Frontage: 33 Feet

  • Zoning: R8-4,AC4

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