Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $95,340 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Advertised At $1,395 + Hydro, Unit #4 Advertised At $1,700 + Hydro, Unit #5 Rented At $1,900 + Hydro. Cap Rate Of 7.5%. An Amazing Investment Opportunity With Three Of Five Units Currently Tenanted. Property Management Is Processing Leads To Fill The Remaining Two Units. Expenses For Past 12 Months Approximately: $9,600 For Gas & Water, $3,312 For Property Management, $6,012 For Insurance, And Maintenance Estimated At 2% Of Gross Rent, $1,931. Total Expenses Are Estimated At $20,903 Annually. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses. (id:31697)
| MLS® Number | 40597543 |
| Property Type | Multi-family |
| Amenities Near By | Public Transit, Shopping |
| Equipment Type | Water Heater |
| Rental Equipment Type | Water Heater |
| Bathroom Total | 5 |
| Bedrooms Total | 11 |
| Basement Development | Unfinished |
| Basement Type | Crawl Space (unfinished) |
| Constructed Date | 1888 |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3668 Sqft |
| Utility Water | Municipal Water |
| None |
| Access Type | Road Access |
| Acreage | No |
| Fence Type | Fence |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 39 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Bdc(35) H13 |
https://www.realtor.ca/real-estate/27009980/235-hamilton-road-london
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