$5,500 Income Per Month! Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,650/m) 1 + Den, Front door renovated: Unit#2($1,050/m): 1 Bed, renovated Unit#3($1,332/m): 1 Bed, Unit#4($1,230/m): 1 Bed+den, Coin Laundry ($150/m): Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. Take advantage of Vendor Financing 6.5% interest. After Mortgage, insurance, utilities NET Income positive cash flow $1,362.10/m, Vendor Mortgage = $3,367/m; Collect rents+laundry = $5,500/m, Property taxes - $287/m, Utilities/Insurance - $496/m. All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. Net Income $55,552. (id:4069)
Address
184 SIMCOE Street
List Price
$699,900
Property Type
Single Family
Type of Dwelling
House
Style of Home
2 Level
Area
Ontario
Sub-Area
London
Bedrooms
5
Bathrooms
4
Floor Area
2,002 Sq. Ft.
MLS® Number
40728405
Listing Brokerage
CENTURY 21 MILLENNIUM INC
Basement Area
Full (Finished)
Postal Code
N6B1H9
Zoning
R3-1
Features
Laundry- Coin operated
