235 Hamilton Road London, Ontario N5Z 1P9
$999,800
Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $96,540 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Advertised At $1,395 + Hydro, Unit #4 Advertised At $1,700 + Hydro, Unit #5 Advertised At $2,000 + Hydro. Cap Rate Of 7.5%. An Amazing Investment Opportunity With Two Of Five Units Currently Tenanted. Property Management Is Processing Leads To Fill The Remaining Three Units. Expenses For Past 12 Months Approximately: $9,600 For Gas & Water, $3,312 For Property Management, $6,012 For Insurance, And Maintenance Estimated At 2% Of Gross Rent, $1,931. Total Expenses Are Estimated At $20,903 Annually. The Buyer And The Buyer's Agent Are Responsible For Verifying All Income And Expenses. (id:50333)
Property Details
| MLS® Number | X8417200 |
| Property Type | Multi-family |
| Community Name | EastL |
Building
| Bathroom Total | 6 |
| Bedrooms Above Ground | 8 |
| Bedrooms Below Ground | 3 |
| Bedrooms Total | 11 |
| Appliances | Dryer, Range, Stove, Two Washers, Two Stoves, Washer |
| Basement Type | Partial |
| Exterior Finish | Brick, Vinyl Siding |
| Foundation Type | Unknown |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Type | Other |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Irregular | 39.34 X 108.26 Ft ; 129.91ft X 32.00ft X 108.26ft X 39.94ft |
| Size Total Text | 39.34 X 108.26 Ft ; 129.91ft X 32.00ft X 108.26ft X 39.94ft|under 1/2 Acre |
https://www.realtor.ca/real-estate/27011105/235-hamilton-road-london-eastl
Interested?
Contact us for more information
Micheal William Desormeaux
Salesperson
418 Iroquois Shore Rd #103a
Oakville, Ontario L6H 0X7
(905) 361-9098
(905) 338-2727
https://wordpress-1284690-4655177.cloudwaysapps.com
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June 07 2024 07:42:28
Toronto Real Estate Board
Rock Star Real Estate Inc.