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,highway 401and downtown w/long term tenants.Property backs onto Thames River and has great visibility.Lots of parkingandalways rented.Vendor is adding to the income thru the big signage which is rented and still has 4 more years to go,lease ending in Aug 2021,w/income of $20,340/year.This property consists of 2 individual buildings-a 4plexanda 6plex.Each unit individualy metered. 4 plex has had an alum roof replaced last year,recently added natural gas hydronic heatingandone apartment is fully renovated.6 water tanks,4 rented from reliance and 2 gas tanks owned. 1/2 the roof at the 6plex is ideal for solar panels. There are 5-one bedroom apartments;4-two bedroom apartmentsand1 bachelor.Property is fully rented, except the 1 apartment that`s being renovated.Low density residential area very few neighbours so the external influence onto the property its minimal.