434 Second Street, London - East (East H) ON

About 434 Second Street

An excellent investment opportunity with proven cash flow, this fully tenanted 8-bedroom duplex near Fanshawe College offers immediate rental income and an attractive cap rate of over 6% based on current rental revenue and estimated operating expenses. The property consists of two self-contained 4-bedroom, 2-bathroom units, each featuring a private entrance, in-suite laundry, its own furnace and central air conditioning, and separately metered hydro. Current annual gross rental income is approximately $53,000, with an estimated net operating income of approximately $44,000. Located just steps from Fanshawe College, the property sits in one of London s strongest student and workforce rental markets, supporting consistent tenant demand and long-term investment appeal. Additional features include individual HVAC systems for each unit, internet and cable wiring in every bedroom, and a 12 x 10 shed with a steel roll-up door for convenient additional storage. An incredible opportunity to purchase a fully leased, income-producing asset offering immediate cash flow in one of London s most established rental locations. (id:56071). Get more information on 434 Second Street

Property Features

Appliances:  Dishwasher, Dryer, Two stoves, Water Heater, Two Washers, Two Refrigerators
Features:  Flat site, Dry
Rental Equipment:  Water Heater
Directions:  Cross Streets: Dundas St & Second St. ** Directions: Dundas St to Second St.
Zoning Description:  R2-3
Interior Size (Approximate):  1500 - 2000 sqft
Amenities:  Separate Electricity Meters, Separate Heating Controls
Lot (Approximate):  54 x 88 FT|under 1/2 acre 54 x 88 FT
Exterior Finish:  Vinyl siding
Water:  Municipal water, Sanitary sewer
Heating / Cooling:   Natural gas / Central air conditioning
Age (Approximate): 31 to 50 years
Foundation: Concrete
Basement:  N/A (Finished), N/A Finished

Rooms & Sizes

(Approximate)

Bedroom Lower level 3.37 m x 3.12 m	Bedroom Lower level 3.19 m x 3.13 m	Bedroom Lower level 3.39 m x 2.8 m
Laundry room Lower level 1.75 m x 2.63 m	Living room Lower level 2.44 m x 4.03 m	Primary Bedroom Lower level 3.55 m x 3.14 m
Kitchen Main level 4.18 m x 2.45 m	Living room Main level 3.14 m x 5.64 m	Bedroom Main level 3.42 m x 3.19 m
Bedroom Main level 3.44 m x 3.01 m	Dining room Upper Level 3.78 m x 4.23 m	Kitchen Upper Level 3.78 m x 2.2 m
Bedroom Upper Level 4.05 m x 3.43 m	Primary Bedroom Upper Level 4.05 m x 3.41 m