1 HIGH ST, LONDON ONTARIO
Brokered by: STREETCITY REALTY INC., BROKERAGE
1 HIGH ST, LONDONONTARIO CANADA | MLS# 593824
Type: 5-12 Plex Style: 5-12 Plex Age: OL Lot Size: 79.46FEET X IRREG Side of Road: West Water Front: Pool: No Handicap Acc: Tenant Pays: Sewer: Sewer Rentals: Yes Water: Municipal Zoning: OS4 Rental Units: 10 Foundation: Concrete Heating: Electric Baseboard Flooring: Ceramic, Laminate Features: Balconies, Near Park, Patio(S), Pblic Trans Nrby, Sep Hydro Meters, Sep Storage Roof: See Remarks Flooring: Ceramic, Laminate
Description: Multi family- 10 plex, great investment in a great location close to parks and downtown with long term tenants. This property backs onto Thames River and has great visibility. Lots of parking and almost always rented. The vendor is adding to the income thru the big signage which is rented and still has 4 more years to go, with income of $20,340/year. Every unit is individual metered and the 4 plex has had an aluminium roof just replaced. Hot water baseboard heating which will be heated by gas is currently being added. There are 6 water tanks, 4 rented from reliance and two gas tanks owned. Rents are as follows : 4plex - 3-1 bedroom $750( currently being renovated), $625, $550; 1-2 bedrooms $750. the 6plex - 2-1 bedroom $565, $525; 3-2 bedrooms $750, $600 + hydro and the other owner occupied which can be leased for $750; one bachelor at $485. The buildings are sold as is.