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119 Elmwood Avenue E London, Ontario N6C 1J7

Multi-Unit Hot Water Radiator Heat

$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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Sutton Group - Select Realty Inc., Brokerage, Independently Owned And Opera
250 Wharncliffe Road North
London, ON N6H 2B8

(519) 433-4331
(519) 433-6894