387 Horton Street, London ON N6B 1L6

$ 749,900
387 Horton Street, London ON N6B 1L6,
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Overview

  • Updated On:
  • June 13, 2024
  • 7 Bedrooms
  • 5 Bathrooms
  • 3,000 ft2

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.

Address: 387 Horton Street, London ON N6B 1L6
City:
State/County:
Zip: N6B 1L6
Country: CA
Open In Google Maps
Property Id : 1530983
Price: $ 749,900
Property Size: 3,000 ft2
Bedrooms: 7
Bathrooms: 5
Other Features
Dryer
Has Heating System
Open Parking
Other
Washer
$ 2,907.51
per month
  • Principal and Interest
  • Property Tax
  • HOA fee
$ 2,907.51

Mazher Latif

Real Estate Agent
Member of: Cityscape Real Estate Ltd., Brokerage

Contact Me

Schedule a showing?
Call +1 (519) 209-6934 WhatsApp

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Mazher Latif