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387 Horton Street E London, ON

$749,900
|
7 Beds
|
  5 Full
|

PROPERTY INFO

Exciting Investment Opportunity! Highly desirable rental property conveniently located near downtown. This three-unit building is situated on a spacious lot, within walking distance to downtown and near major transit routes. Units 1 and 2 offer two bedrooms and one bathroom each on the ground level. Unit 3, located on the upper level, is divided into three separate units (A, B, and C). Unit A features 2 bedrooms and 1 bathroom, Unit B has 1 bedroom and 1 bathroom, and Unit C is a bachelor unit with a bathroom. Experience the beauty of scenic trails along the Thames River, attend major ball games in London, and enjoy various festivals and entertainment events downtown. This property generates a net income of $58,000 annually, with a Pro Forma worksheet available for review upon request. With a remarkable cap rate of 7.1%, this investment opportunity is not to be missed. Act swiftly to seize this lucrative opportunity! (id:4555)

PROPERTY SPECS

Listing ID X9253691
Address 387 HORTON STREET E
City London, ON
Price $749,900
Bed / Bath 7 / 5 Full
Construction Stucco, Vinyl siding
Land Size 33 x 165 FT
Type Other
Status For sale

EXTENDED FEATURES

Basement Crawl spaceBasement Development UnfinishedParking 4Foundation ConcreteHeating Forced airHeating Fuel Natural gasUtility Water Municipal water Date Listed 2024-08-14 16:01:06Days on Market 91Parking 4
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226.881.0754

REQUEST MORE INFORMATION

LISTING OFFICE:
Century First Canadian Corp, Ken Patpatia
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