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387 Horton Street London, Ontario N6B 1L6

7 Bedroom 5 Bathroom 3000
None Forced Air

$795,000

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. (id:51696)

Property Details

MLS® Number 40552832
Property Type Multi-family
Amenities Near By Public Transit, Schools, Shopping
Equipment Type Water Heater
Features Paved Driveway
Parking Space Total 4
Rental Equipment Type Water Heater

Building

Bathroom Total 5
Bedrooms Total 7
Basement Development Unfinished
Basement Type Crawl Space (unfinished)
Constructed Date 1930
Cooling Type None
Exterior Finish Stucco, Vinyl Siding
Heating Fuel Natural Gas
Heating Type Forced Air
Stories Total 2
Size Interior 3000
Type Triplex
Utility Water Municipal Water

Land

Access Type Road Access
Acreage No
Land Amenities Public Transit, Schools, Shopping
Sewer Municipal Sewage System
Size Depth 165 Ft
Size Frontage 33 Ft
Size Total Text Under 1/2 Acre
Zoning Description R8-4,ac4

https://www.realtor.ca/real-estate/26616602/387-horton-street-london

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