Address: 246 GREENWOOD AVENUE, London South (South D) FOR SALE Postal Code: N6J3G4 Style: Type: Multi-family Fourplex Bedrooms: 8 Bathrooms: 4 Bedrooms Aboveground: 8 Parking: No Garage Garage: No Garage Lot Size: 53 ft ,8 in x 249 ft ,10 in Property Size: 53.7 x 249.9 FT
About 246 Greenwood Avenue
Purpose-built four-plex that has been comprehensively renovated with major capital systems addressed, including updated electrical and plumbing throughout, new windows, modern kitchens and bathrooms, full basement waterproofing in all four units, rebuilt walkways, and new paving-stone patios. Each unit currently offers two main-floor bedrooms and a full basement that has already been professionally roughed in for two additional bedrooms, a bathroom, and a family room. Basement completion is estimated at under $100,000 total and presents a clear value-add opportunity, with projected rental upside of approximately $740 per month per unit. Two units are currently leased at $1,800 per month plus utilities, with two vacant units providing immediate opportunity to stabilize or reposition rents. At full occupancy at current rents, annual gross income is projected at $91,200. Upon basement completion, projected net operating income increases to approximately $109,154, resulting in an estimated 6.5% cap rate. (id:56071). Get more information on 246 Greenwood Avenue
Property Features
Appliances: Water Heater Features: Hillside, Wooded area, Flat site Rental Equipment: Directions: Cross Streets: Springbank Drive. ** Directions: South off Springbank onto Greenwood Ace. on the east side. Interior Size: 2500 - 3000 sqft Amenities: Separate Electricity Meters Lot: 53.7 x 249.9 FT 53.7 x 249.9 FT Exterior Finish: Brick Water: Municipal water, Sanitary sewer Heating / Cooling: Electric / Wall unit Age: 51 to 99 years Foundation: Poured Concrete Basement: Full (Partially finished) Partially finished
Rooms & Sizes
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John DiRenzo
Sales Representative RE/MAX Centre City John DiRenzo Team Brokerage
Direct Phone: (519) 857-3490
John DiRenzo, Salesperson. Cell: (519) 857-3490. RE/MAX Centre City John DiRenzo Team Brokerage.
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