387 Horton Street E, London
- Bedrooms: 7
- Bathrooms: 5
- Living area: 3000 square feet
- MLS®: x9253693
- Added: 25 days ago
- Updated: 2 days ago
- Last Checked: 10 hours ago
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. Contact the listing agent for showings! (id:1945)
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Property Details
- Heating: Natural gas, Other
- Structure Type: Multi-Family
Interior Features
- Living Area: 3000
Exterior & Lot Features
- Water Source: Municipal water
- Lot Size Dimensions: 33 x 165 FT
Location & Community
- Directions: COLBORNE & HORTON
- Street Dir Suffix: East
Tax & Legal Information
- Tax Annual Amount: 2490
- Zoning Description: R8-4, AC4
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