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 | X8417200 |
| Property Type | Multi-family |
| Community Name | EastL |
| Bathroom Total | 6 |
| Bedrooms Above Ground | 8 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 11 |
| Appliances | Dryer, Range, Stove, Two Washers, Two Stoves, Washer |
| Basement Type | Partial |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 39.34 X 108.26 Ft ; 129.91ft X 32.00ft X 108.26ft X 39.94ft |
| Size Total Text | 39.34 X 108.26 Ft ; 129.91ft X 32.00ft X 108.26ft X 39.94ft|under 1/2 Acre |
https://www.realtor.ca/real-estate/27011105/235-hamilton-road-london-eastl
Contact us for more information
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
