Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great 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 $141,291 with an NOI of $94,896. Attractive assumable financing available (approx. 2.69%, subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:4069)
Address
139 GODFREY DRIVE
List Price
$1,700,000
Property Type
Multi-family
Type of Dwelling
Multi-Family
Transaction Type
Sale
Area
Ontario
Sub-Area
London East (east D)
Floor Area
6,000 Sq. Ft.
Lot Size
75.97 x 127 FT ; 126.01 x 123.55 x 128.00 x 75.97 Sq. Ft.
MLS® Number
X12494896
Listing Brokerage
THRIVE REALTY GROUP INC.
Postal Code
N5V2E8
Zoning
R9-2*H12
Features
Irregular lot size
