387 Horton Street, London
387 Horton Street, London
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50 Photos
- Bedrooms: 7
- Bathrooms: 5
- Living area: 3000 sqft
- MLS®: 40552832
- Added: 37 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)
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Property Information
- Sewer: Municipal sewage system
- Cooling: None
- Heating: Forced air, Natural gas
- Stories: 2
- Basement: Unfinished, Crawl space
- Year Built: 1930
- Directions: Colborne & Horton
- Living Area: 3000
- Lot Features: Paved driveway
- Photos Count: 50
- Water Source: Municipal water
- Parking Total: 4
- Bedrooms Total: 7
- Structure Type: Triplex
- Common Interest: Freehold
- Subdivision Name: East K
- Tax Annual Amount: 2490
- Exterior Features: Stucco, Vinyl siding
- Zoning Description: R8-4,AC4
- Number Of Units Total: 6
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