- Ontario
- London
387 Horton St
CAD$795,000 Sale
387 Horton StLondon, Ontario, N6B1L6
754| 3000 sqft
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ID40552832
StatusCurrent Listing
Ownership TypeFreehold
TypeResidential House,Triplex
RoomsBed:7,Bath:5
Square Footage3000 sqft
Land Sizeunder 1/2 acre
AgeConstructed Date: 1930
Listing Courtesy ofCENTURY 21 FIRST CANADIAN CORP., BROKERAGE
Detail
Building
Bathroom Total5
Bedrooms Total7
Basement DevelopmentUnfinished
Cooling TypeNone
Exterior FinishStucco,Vinyl siding
Fireplace PresentFalse
Heating FuelNatural gas
Heating TypeForced air
Size Interior3000.0000
Stories Total2
Utility WaterMunicipal water
Basement
Basement TypeCrawl space (Unfinished)
Land
Size Total Textunder 1/2 acre
Access TypeRoad access
Acreagefalse
AmenitiesPublic Transit,Schools,Shopping
SewerMunicipal sewage system
Surrounding
Ammenities Near ByPublic Transit,Schools,Shopping
Other
Equipment TypeWater Heater
Rental Equipment TypeWater Heater
FeaturesPaved driveway
BasementUnfinished,Crawl space (Unfinished)
FireplaceFalse
HeatingForced air
Remarks
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:22211)
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Location
Province:
Ontario
City:
London
Community:
East K