Well maintained 6 unit investment property located in SOHO at the corner of Wellington Street and Hill Street. Consisting of 1- 1 bedroom, 4- 2 bedroom and 1- 3 bedroom units along with an addtional 33' x 41' parcel of land. On-site coin laundry. Parking for 9 vehicles. Located across the street from new mixed-use housing development on South Street. Current NOI: $77,222.94. Potential for significant upside, current rents below market. The 3 bedroom unit will be vacant upon possession (market rent $1,800 per month). Zoning R3-1. Close proximity to Wellington Road and transit and within walking distance to downtown London. (id:61594)
| MLS® Number | X12075582 |
| Property Type | Multi-family |
| Community Name | East K |
| Parking Space Total | 9 |
| Bathroom Total | 6 |
| Bedrooms Above Ground | 12 |
| Bedrooms Total | 12 |
| Appliances | Water Heater |
| Basement Development | Unfinished |
| Basement Type | N/a (unfinished) |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Brick |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 3 |
| Size Interior | 3,000 - 3,500 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| No Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 33 Ft |
| Size Frontage | 66 Ft |
| Size Irregular | 66 X 33 Ft |
| Size Total Text | 66 X 33 Ft |
| Zoning Description | R3-1 |
https://www.realtor.ca/real-estate/28151228/340-hill-street-london-east-k
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