387 Horton St, London
387 Horton St, London
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40 Photos
- Bathrooms: 5
- Living area: 3000 square feet
- MLS®: x8285652
- Type: Commercial
- Added: 17 days ago
Property Details
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:1945)
Property Information
- Sewer: Sanitary sewer
- Heating: Forced air, Natural gas
- List AOR: Toronto
- Tax Year: 2024
- Living Area: 3000
- Photos Count: 40
- Water Source: Municipal water
- Parking Total: 4
- Tax Annual Amount: 2490
- Exterior Features: Stucco, Vinyl siding
- Lot Size Dimensions: 33 x 165 FT
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