Property Information:
Presenting an opportunity to acquire a 7-unit multifamily property package in the heart of downtown London. This offering includes both a triplex and a fourplex, providing immediate cash flow with long-term value-add potential. The unit mix consists of four 2-bedroom units and three 1-bedroom units, appealing to a broad tenant base. Four units have been fully renovated with modern upgrades, delivering strong rental appeal and reduced near-term maintenance, while the remaining three units offer clear upside through cosmetic and functional improvements. Currently operating at a 6.9% cap rate, the property provides solid in-place returns with additional income growth potential as rents are brought to market and value-add improvements are completed. Shared on-site laundry adds tenant convenience while generating supplemental income. Ideally located just steps from London's downtown core, tenants benefit from close proximity to transit, shopping, dining, employment hubs, and post-secondary institutions-factors that support consistent rental demand and low vacancy. For investors seeking a balance of stability and upside, this asset offers a compelling opportunity to acquire a partially renovated multifamily property with multiple pathways to grow both equity and cash flow at a STEAL of a price! (id:27)
Building Features:
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Style:
Multiplex
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Building Type:
Other
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Basement Development:
Unfinished
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Basement Type:
N/A
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Exterior Finish:
Brick
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Floor Space:
3500 - 5000 sqft
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Foundation Type:
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Heating Type:
Baseboard heaters, Forced air, Not known, Not known
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Heating Fuel:
Electric, Natural gas
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Cooling Type:
None
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Appliances:
Stove, Refrigerator
