+21 more
11
Bedrooms
7
Bathrooms
5,000 sqft
Living Area
2
Parking
About This Property
This 11-bedroom, 7-bathroom multi-family in London East offers 5,000 sqft of living area. 2 storeys. The property has lot dimensions of 56 x 77.4 FT. The home features baseboard heaters, forced air, not known, not known, electric, natural gas heating, a unfinished basement. Highlights include a 2-car garage.
MLS Remarks
Presenting an opportunity to acquire a 7-unit multifamily property package in the heart of downtown London. This offering includes both a triplex and a fourplex, providing immediate cash flow with long-term value-add potential. The unit mix consists of four 2-bedroom units and three 1-bedroom units, appealing to a broad tenant base. Four units have been fully renovated with modern upgrades, delivering strong rental appeal and reduced near-term maintenance, while the remaining three units offer clear upside through cosmetic and functional improvements. Currently operating at a 6.9% cap rate, the property provides solid in-place returns with additional income growth potential as rents are brought to market and value-add improvements are completed. Shared on-site laundry adds tenant convenience while generating supplemental income. Ideally located just steps from London's downtown core, tenants benefit from close proximity to transit, shopping, dining, employment hubs, and post-secondary institutions-factors that support consistent rental demand and low vacancy. For investors seeking a balance of stability and upside, this asset offers a compelling opportunity to acquire a partially renovated multifamily property with multiple pathways to grow both equity and cash flow at a STEAL of a price! (id:60351)
Inclusions
Refrigerator x7 / Stove x7 / Hot Water Tank x1
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