387 Horton

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Description

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! Contact the listing agent for showings!

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Additional media

-

Property taxes

$2,490.00 per year / $207.50 per month

Basement

Crawl Space

Basement

Unfinished

Year build

51-99

Type

Multiplex

Bedrooms

7

Bathrooms

5

Parking spots

4.0 Total

Floor

-

Balcony

-

Pool

None

External material

Stucco/Plaster

Roof type

-

Lot frontage

-

Lot depth

-

Heating

Forced Air

Fire place(s)

N