564 York Street Downtown London (London, Ontario, CA - N6B 1R7)

$1,279,000
Income Property

Sutton Group Envelope Real Estate Brokerage

Ty Lacroix Broker of Record & Owner Ty Lacroix Broker of Record & Owner 519-435-1600 (Office) 519-435-0501 (Fax) Request More Info

  • London Ontario Income Property
  • Type: Multifamily
  • Style: Multiplex
  • Suite: Potential
  • Taxes: $23,864.00 (2016)
  • MLS ® #: 605286

Description

A very solid 12-plex in good condition. All 11-2 bedrooms renovated within the last 3 years including new kitchens, fridges & stoves. Bathrooms have new tub surround, fixtures and vanity.

New vinyl flooring throughout. Building has new windows (all but 2).

Bachelor unit not in use.

Separate meters, security cameras & controlled entry .

Tenants pay own hydro, separate meters, Coin-op laundry (owned).

Ample parking and on direct bus route.

Here are some basic hard numbers for this building. Based on the following income: 3 units @825 per month, 4 units @$875 per month, 2 units @ $975 per month & 2 units @ $900 per month.

When we receive an accepted offer, more details of course will be forth coming but these numbers I show here are factual, hence no number for management fees or vacancy allowance.
Gross Income $ 116,700
Heating 3,763
Insurance 3,695
Maintenance 4,871
Property Taxes 2016 23,864
Utilities 6,380

Total Expenses $42,573








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