387 Horton E St, London, Ontario N6B 1L6

  • $749,900
387 Horton E St, London, Ontario N6B 1L6
Active
387 Horton E St, London, Ontario N6B 1L6
  • $749,900

Overview

Property ID: X9253693
  • Commercial Sale, Business
  • Property Type
  • 3000
  • Sqft

Description

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! Vendor take back mortgage is possible with 30% down to approved potential buyers. Contact the listing agent for showings!

  • Address 387 Horton E St
  • City London
  • State/county Ontario
  • Zip/Postal Code N6B 1L6
  • Area East K

Details

Updated on August 14, 2024 at 3:45 pm
  • Property ID: X9253693
  • Price: $749,900
  • Property Size: 3000 Sqft
  • Garage Size: x x
  • Property Type: Commercial Sale, Business
  • Property Status: Active
  • MLS#: X9253693

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