235 HAMILTON Road London

235 HAMILTON Road, London, Ontario

$999,800

  • 11 Beds
  • 5 Baths
  • 3,668 Square Feet

Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $96,540 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Advertised At $1,395 + Hydro, Unit #4 Advertised At $1,700 + Hydro, Unit #5 Advertised At $2,000 + Hydro. Cap Rate Of 7.5%. An Amazing Investment Opportunity With Two Of Five Units Currently Tenanted. Property Management Is Processing Leads To Fill The Remaining Three Units. Expenses For Past 12 Months Approximately: $9,600 For Gas & Water, $3,312 For Property Management, $6,012 For Insurance, And Maintenance Estimated At 2% Of Gross Rent, $1,931. Total Expenses Are Estimated At $20,903 Annually. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses. (id:23309)

  • Listing ID: 40597543
  • Property Type: Multi-family
  • Year Built: 1888

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Details

  • Amenities Nearby: Public Transit, Shopping
  • Equipment: Water Heater
  • Ownership: Freehold
  • Rental Equipment: Water Heater
  • Transaction: For sale
  • Zoning Description: BDC(35) H13

Building

  • BasementType: Crawl space (Unfinished)
  • Basement Development: Unfinished
  • Constructed Date: 1888
  • Cooling: None
  • Exterior Finish: Brick, Vinyl siding
  • Fireplace Present: False
  • Foundation: Unknown
  • Bathrooms (Total): 5
  • Heating: Forced air
  • Heating Fuel: Natural gas
  • Size Interior: 3668 sqft
  • Stories Total: 2
  • Utility Water: Municipal water

Land

  • Access Type: Road access
  • Amenities: Public Transit, Shopping
  • Fence: Fence
  • Sewer: Municipal sewage system
  • Size Frontage: 39 ft
MLS®

Listing provided by Rock Star Real Estate Inc., Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 235 HAMILTON Road in London Ontario, was last modified on June 7th, 2024. Contact Heather Buchanan Curren to schedule a viewing or to find other properties for sale in London.

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