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

$1,525,000

MLS® # X12494880

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

$1,525,000

Property Information:

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable 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 $134,166.96 and an NOI of $91,403.93. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:27)

Building Features:

  • Style: Multiplex
  • Building Type: Multi-Family
  • Floor Space: 5000 sqft
  • Heating Type: Hot water radiator heat
  • Heating Fuel: Natural gas
  • Cooling Type: None

Property Features:

  • Property Type: Multi-family
  • Floor Space (approx): 5000 Square Feet
  • Irregular: Yes
  • Lot Depth: 124.9 Feet
  • Lot Frontage: 83.2 Feet
  • Lot Size: 83.21 x 124.98 FT
  • Zoning: R9-2*H-12
  • 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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