119 Elmwood Avenue E London, Ontario N6C 1J7
$799,900
Money making 9 PLEX in popular Old South, just one block away from the coffee shops, grocery store, restaurants and YMCA. 9 Individual units: 1 x bachelor, 2 x 1 bedroom, 6 x 2 bedroom; Each tenant pays their own hydro (separately metered). Great tenants, many of them long term. Units range in finish with some totally updated, and still lots of opportunity to improve other units further, and increase rents (some units rented below market value due to long term tenants) Shared Coin-Operated Laundry in lower level. Brand new boiler installed 2018. Brand new deck & balcony completed 2018. Ample parking behind the building. ** Gross Income: $76,311 Total Expenses: $27,301 NET INCOME: 49,010 ** 6.1% CAP ** Detailed Rent Roll & Expense information available upon request as well as fire certificates. Multifamily buildings in a premium location like this are a rare find! Wont last long! (id:27077)
Property Details
| MLS® Number | 117206 |
| Property Type | Multi-family |
| Neigbourhood | South London |
| Amenities Near By | Park, Public Transit |
| Equipment Type | Water Heater |
| Features | Laundry- Coin Operated |
| Parking Space Total | 9 |
| Rental Equipment Type | Water Heater |
Building
| Age | Age Is Unknown |
| Appliances | Stove, Dryer, Refrigerator, Stove, Washer & Dryer |
| Architectural Style | Multi-unit |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Exterior Finish | Brick, Other |
| Fire Protection | Fire Alarm System, Smoke Detectors, Partial Sprinkler System |
| Fireplace Present | No |
| Foundation Type | Block, Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 3 |
| Type | Multi-family |
Land
| Acreage | No |
| Land Amenities | Park, Public Transit |
| Sewer | Municipal Sewage System |
| Size Depth | 164 Ft |
| Size Frontage | 47 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-1 |
https://www.realtor.ca/PropertyDetails.aspx?PropertyId=19305978
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Contact us for more information
250 Wharncliffe Road North
London, ON N6H 2B8
(519) 433-4331
(519) 433-6894
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London and St. Thomas Association of REALTORS®
Sutton Group - Select Realty Inc., Brokerage, Independently Owned And Opera
19305978
April 25 2018 04:16:13
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