139 GODFREY DRIVE, London East (East D), Ontario, N5V 2E8

$1,700,000

MLS® # X12494896

Investment For Sale In Huron Heights, London East (East D), Ontario

$1,700,000

Property Information:

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $140,091.96 with an NOI of $96,249.46. Attractive assumable financing available (approx. 2.69% until Dec 2031 - subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 6000 sqft
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Features: Irregular lot size
  • Floor Space (approx): 6000 Square Feet
  • Irregular: Yes
  • Lot Depth: 127 Feet
  • Lot Frontage: 75.9 Feet
  • Lot Size: 75.97 x 127 FT ; 126.01 x 123.55 x 128.00 x 75.97
  • Zoning: R9-2*H12
  • No. of Parking Spaces: 12

Courtesy of: THRIVE REALTY GROUP INC.

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This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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