153 GODFREY DRIVE, London East (East D) NEW LISTING

Brokered by: THRIVE REALTY GROUP INC.

MLS®: X12494880 ()

Price: $1,525,000.00

Address: 153 GODFREY DRIVE, London East (East D)
FOR SALE
Postal Code: N5V2E8
Style: 
Type: Multi-family Multi-Family
Bedrooms: 0
Bathrooms: 0
Lot Size:   83 ft ,2 in x 124 ft ,11 in
Property Size:  83.21 x 124.98 FT


About 153 Godfrey Drive

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $133,755 and an NOI of $95,570. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:56071). Get more information on 153 Godfrey Drive

Property Features

Rental Equipment:  
Directions:  Cross Streets: Highbury Ave N and Huron St. ** Directions: Heading south on Highbury Ave N, turn left onto Godfrey Dr. and another left to stay on Godfrey Dr. Property on right side.
Zoning Description:  R9-2*H-12
Interior Size:  5000 sqft
Lot:  83.21 x 124.98 FT 83.21 x 124.98 FT
Water:  Municipal water,
Heating / Cooling:   Natural gas / None
Age: 
Basement:  

Rooms & Sizes

     

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JD

John DiRenzo

Sales Representative
RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490

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John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.