Exceptional mixed use investment opportunity at 755-761 Dundas Street. This established income property features 7 residential units and 4 commercial units generating a total gross annual income of $192,030. Current monthly rents total $16,002.51 ($8537.51 residential/ $7429 commercial) Annual operating expenses of approximately $33,397 (property tax, insurance, hydro, gas) Produce a net operating income of $158,633. Listed at a 6.35% Cap rate at an asking price of $2,500,000. All commercial leases include HST. Residential tenants are month to month or long term. Strong diverse tenant mix with minimal vacancy. Stable cash flow in place from day one. (id:61594)
| MLS® Number | X13080062 |
| Property Type | Multi-family |
| Community Name | East G |
| Parking Space Total | 4 |
| Bathroom Total | 8 |
| Bedrooms Above Ground | 10 |
| Bedrooms Total | 10 |
| Basement Type | None |
| Cooling Type | Window Air Conditioner |
| Exterior Finish | Aluminum Siding, Brick |
| Heating Fuel | Natural Gas |
| Heating Type | Radiant Heat |
| Stories Total | 2 |
| Size Interior | 3,500 - 5,000 Ft2 |
| Type | Other |
| Utility Water | Municipal Water |
| Attached Garage | |
| Garage |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 144 Ft ,3 In |
| Size Frontage | 37 Ft ,9 In |
| Size Irregular | 37.8 X 144.3 Ft ; 144.20 Ft X 37.53 Ft X 144.33 Ft X 34.61 |
| Size Total Text | 37.8 X 144.3 Ft ; 144.20 Ft X 37.53 Ft X 144.33 Ft X 34.61 |
https://www.realtor.ca/real-estate/29697176/761-dundas-street-london-east-east-g-east-g
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