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Type: Investment
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Property Type: Commercial
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Zoning: R9-4
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Age: No Data
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Taxes: 44866.41
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MLS®#: X10408630
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Days on Site: 119 Days
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Added: Nov 05, 2024 (4 months ago)
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Updated:
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Last Checked: 2 hours ago
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Listed By: THRIVE REALTY GROUP INC.
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!
Property
Status: Sale
Property Type: Investment
Property Type: Apartment
Area: London
Community: South F
Availability Date: Immediate
Inside
Air Conditioning: N
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Hot Water
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 30
Fees
Tax Year: 2023
Tax Legal Description: PT LT 8 S GRAND AVENUE , PL 1(4TH) , AS IN 779065 ; LONDON
Taxes: $44,866
Taxes Type: Annual
Land
Cross Street: Off Grand Ave
Municipality District: London
Parcel Number: 083660080
Lot Depth: 291 Feet
Lot Frontage: 49.67 Feet
Zoning: R9-4
Commercial Specific
Total Area: 0.48
Total Area Metric: Acres
Lot Code: Lot
Holy Rosary Separate School
Elementary: CatholicWortley Road Public School
Elementary: PublicSt Martin
Elementary: CatholicTecumseh Public School
Elementary: PublicSt. John French Immersion School
Elementary: CatholicMountsfield Public School
Elementary: PublicG A Wheable Secondary School
Secondary: PublicB Davison Secondary School Secondary School
Secondary: PublicLondon South Collegiate Institute
Secondary: PublicLondon Central Secondary School
Secondary: PublicCatholic Central High School
Secondary: CatholicH B Beal Secondary School
Secondary: Public
