434 Second Street, London East (East H), Ontario N5W4T1
Listing courtesy of TEAM GLASSER REAL ESTATE BROKERAGE INC..
- $669,000
- 8
- BD
- 4
- BA
- List Price
- $669,000
- Status
- ACTIVE
- Days on Market
- 1
- MLS® #
- LondonandStThomasAssociationofREALTORS-X13758698
- Bedrooms
- 8
- Bathrooms
- 4
- Subdivision
- East H
- Neighborhood
- East H
- MLS Area Major
- East H
Property Description
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:5764)
Additional Information
- Exterior Features
- Vinyl siding
- Taxes
- $3,336
- Community Features
- East H
- Appliances
- Dishwasher, Dryer, Two stoves, Two Washers, Water Heater, Two Refrigerators
- Heating
- Forced air, Natural gas
- Air Conditioning
- Central air conditioning
- Stories
- 1.5
- Foundation
- Concrete
- Parking Features
- No Garage
