$899,900

1566 Allen Place

London ON, N5W 2V8

Description

Rare find - Six unit apartment building-purpose built with solid cap rate- available and ready with income. 5 three bedroom apartments and 1 one bedroom. Low maintenance exterior and situated among other well cared for buildings which share a quiet Cul-de-sac and easy access to Kiwanis Park via walking trails. While being a desirable place for Tenants to live the location offers the convenience of public transportation, close by amenities as well as being handy to Fanshawe College and Trios College. 3 units have recently renovated kitchens, most windows have been updated, water heaters are owned, separately metered and Tenants pay their own hydro, ample parking for Tenants and guests. Operating Income: $ 69,464.00 Net Operating Income:$50,192 Maintenance: $2,198.75 Utilities which include water: $7,932.26 Building Insurance: $2,924.00

Details

MLS#40088223
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1961
Days On Site3

Features

SQ Feet6,000
Units6
Building(s)1
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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN5W 2V8
AreaEast
Listing VS Median (in N5W 2V8)
Price:
$899,900
low | high
Med:
$899,900
50% of Average
SqFt:
6,000
low | high
Med:
6,000
50% of Average
$ / SqFt:
$150
low | high
Med:
$150
50% of Average
On Site:
3
low | high
Med:
3
100% of Average
Sourced by Back At You
Listing Updated: April 10, 2021 7:10:34 AM PDT
DEBBIE MACLEOD LogoMLS Number: 40088223
Listing Provided By:
DEBBIE MACLEOD  of  SUTTON GROUP - SELECT REALTY
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