387 HORTON St, London, Ontario N6B 1L6

  • $749,900
387 HORTON St, London, Ontario N6B 1L6
  • X8285652
  • MLS® Number
  • Business, Commercial
  • Property Type
  • 5
  • Bathrooms
  • 3000
  • Sqft
Active For Sale
387 HORTON St, London, Ontario N6B 1L6
387 HORTON St, London, Ontario N6B 1L6
  • $749,900

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! Vendor take back mortgage is possible with 30% down to approved potential buyers.

Details

MLS® Number
X8285652
Bathrooms
5
Property Size
3000 Sqft
Updated on June 13, 2024 at 11:51 am

Additional details

  • Cooling: None
  • Heating: Forced Air
  • County: Middlesex
  • Property Type: Commercial Sale
  • Parking: None

Address

  • Address 387 HORTON St
  • City London
  • State/county ONTARIO
  • Zip/Postal Code N6B 1L6
  • Area East K

Contact Information

Firas AL-Rifay
  • Firas AL-Rifay
  • +1 (647) 242-6988 WhatsApp
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Firas AL-Rifay
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