Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $134,166.96 and an NOI of $91,403.93. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:4069)
Address
153 GODFREY DRIVE
List Price
$1,525,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
Ontario
Sub-Area
London East (east D)
Floor Area
5,000 Sq. Ft.
Lot Size
83.21 x 124.98 FT Sq. Ft.
MLS® Number
X12494880
Listing Brokerage
THRIVE REALTY GROUP INC.
Postal Code
N5V2E8
Zoning
R9-2*H-12
