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:41195)
181 COMMISSIONERS ROAD WEST, London ON N6J1X9
Office: (519) 438-2222
Fax: (519) 438-1886
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I have used Joyce for two sales and a purchase previously. More recently I used Joyce again to sell my condo because of her reputation and experience.
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Dorothy Coolman
London Ontario
Scott Rumas is a fantastic agent! He is very friendly, understanding and helpful, and he helped me purchase my first house even though I didn’t know much about what I was doing. He is honest and upfront about what he thinks of the places you see, and he is very flexible in the times he is able to see places with you. I was moving cities when I was buying my first house and he was willing to work with me in any way that worked best for me to see the places I wanted. He’s not just a great agent, he’s a great person. You won’t go wrong with Scott as your agent.
Matt S.
Working with Sheri Beckett made dealing with my father’s estate sale a breeze. Sheri was able to assess the home on very short notice and then stayed abreast of the market in order to be prepared to sell as soon as possible when probate was granted. Sheri is extremely knowledgeable – she comes well-prepared with market insights to assist with your decision-making. She is flexible with her schedule, always on time and has excellent communication skills which enabled me to better understand the various agreements throughout the process. Thank you Sheri and Team Beckett for a smooth sale after five days on the market. – Alexandra Auestad
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