184 SIMCOE Street|London, Ontario N6B1H9
Property Details
Bedrooms
5
Bathrooms
4
Property Type
Single Family
Description
MLS Number: 40728405
Property Details: • Type: Single Family • Ownership Type: Freehold • Bedrooms: 4 + 1 • Bathrooms: 4 • Building Type: House • Building Size: N/A sqft • Building Storeys: N/A • Building Amenities: N/A • Floor Area: N/A • Land Size: N/A • Land Frontage: N/A • Parking Type: N/A • Parking Spaces: N/A
Description: $5,500 Income Per Month! Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,650/m) 1 + Den, Front door renovated: Unit#2($1,050/m): 1 Bed, renovated Unit#3($1,332/m): 1 Bed, Unit#4($1,230/m): 1 Bed+den, Coin Laundry ($150/m): Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. Take advantage of Vendor Financing 6.5% interest. After Mortgage, insurance, utilities NET Income positive cash flow $1,362.10/m, Vendor Mortgage = $3,367/m; Collect rents+laundry = $5,500/m, Property taxes - $287/m, Utilities/Insurance - $496/m. All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. Net Income $55,552. (69041250)
Agent Information: • Agents: Ryan Anderson • Contact: 416-910-7698 • Brokerage: CENTURY 21 MILLENNIUM INC • Website: http://www.c21m.ca/
Time on Realtor: 19 hours ago
Location
Address
184 SIMCOE Street|London, Ontario N6B1H9
City
London
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