387 Horton ST E Active Save Request In-Person Tour Request Virtual Tour
London,ON N6B 1L6
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Subdivision East K
MLS Listing ID X9253691
Style 2-Storey
Bedrooms 7
Annual Tax Amount $2,490
Tax Year 2023
Property 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!
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Rooms
Family Room Yes
Basement Crawl Space,Unfinished
Kitchen 4
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Gas
Exterior
Parking Features Front Yard Parking
Garage Spaces 4.0
Pool None
Roof Type Asphalt Shingle
Lot Frontage 33.0
Lot Depth 165.0
Total Parking Spaces 4
Building
Foundation Concrete