2,500 - 3,000 ft2
Central Air Conditioning
Heat Pump, Not Known
$1,999,900
Purpose built four plex with 2 bedrooms in each unit with with strong valued opportunity with City of London approval to covert into an 8 plex with four 2 bedrooms on the main level and four 2 bedroom lower units. All units have been renovated from top to bottom. Presently 2 units have been converted into 2 bedroom upper and 2 bedroom lower units. The other 2 units are 2+1 bedrooms with a finished bathroom and lower levels roughed in for a 2nd bedroom and kitchen. Strong value-add opportunity with upside already approved. Conversion will increase NOI by over $30,000 annually and lift valuation by approximately $432,000. Present Gross annual Income $132,000 net $115,209.03 Potential Annual Income converting to 8 x 2 bedroom units is $163,200.00 net $146,119.03 at 6.5 cap bring valuation to $2,248,000. (id:61594)
Property Details
|
MLS® Number
|
X12467479 |
|
Property Type
|
Multi-family |
|
Community Name
|
South D |
|
Amenities Near By
|
Hospital, Park, Place Of Worship, Public Transit |
|
Features
|
Flat Site, Lane |
|
Parking Space Total
|
6 |
|
Structure
|
Patio(s) |
Building
|
Age
|
51 To 99 Years |
|
Amenities
|
Separate Electricity Meters |
|
Appliances
|
Water Meter |
|
Basement Development
|
Finished |
|
Basement Type
|
N/a (finished) |
|
Cooling Type
|
Central Air Conditioning |
|
Exterior Finish
|
Brick |
|
Foundation Type
|
Poured Concrete |
|
Heating Fuel
|
Electric, Natural Gas |
|
Heating Type
|
Heat Pump, Not Known |
|
Size Interior
|
2,500 - 3,000 Ft2 |
|
Type
|
Fourplex |
|
Utility Water
|
Municipal Water |
Parking
Land
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Park, Place Of Worship, Public Transit |
|
Sewer
|
Sanitary Sewer |
|
Size Depth
|
198 Ft |
|
Size Frontage
|
66 Ft |
|
Size Irregular
|
66 X 198 Ft |
|
Size Total Text
|
66 X 198 Ft|under 1/2 Acre |
|
Zoning Description
|
R3-2 |
Utilities
|
Cable
|
Available |
|
Electricity
|
Installed |
|
Sewer
|
Installed |
https://www.realtor.ca/real-estate/29000777/231-greenwood-avenue-london-south-south-d-south-d
