This well-maintained 25-unit multi-family, brick building is a fantastic addition to any real estate portfolio. Nestled in a beautiful and highly sought-after neighborhood, this property is not only a gem for its tenants but also offers strong returns for investors, with a cap rate of approximately 5.5%. Highlights include 25 all-inclusive units, making renting convenient and attractive for tenants. Ample on-site parking for tenants and visitors alike, a rare find in the area. New flat roof installed in 2019, minimizing future maintenance costs. Convenient coin laundry facilities within the building for added tenant convenience and landlord income. With its prime location, solid construction, and amenities, this building is a turnkey investment. Take advantage of the demand in this fantastic neighborhood and the ease of all-inclusive units. Three vacant units await your tenant selection. This is an opportunity that's both attractive and enduring. Don't miss out! (id:4555)
PROPERTY SPECS
Listing ID X10408524
Address 93 HIGH STREET
City London, ON
Price $4,500,000
Bath 25 Full
Construction Brick
Land Size 49.67 x 291 FT ; 148.09x93.24x291.53x49.67x145.27x42.07
Type Other
Status For sale
EXTENDED FEATURES
AppliancesIntercom, Water HeaterParking25FeaturesSump PumpFoundationConcreteHeatingHot water radiator heatHeating FuelNatural gasUtility WaterMunicipal waterDate Listed2024-11-05 21:01:37Days on Market9Parking25