Turnkey investment opportunity, fully occupied Triplex with strong cash flow and NOI. Well maintained, backing onto the Thames River, zoned urban commercial, with endless income opportunities and potential uses. Currently set up as 3 separate units. Main floor unit is a well appointed 2 bed plus bonus room, renting for $1485 a month, all incl. Cozy basement unit recently renovated, renting for $1076 a month, all incl. Upper unit is very spacious with future potential as it has an additional floor that is not currently utilized. Renting for $830 plus hydro and gas. All units are occupied and rents are paid on time. Annual gross income of $40,692. Estimated annual expenses of $9832, with an approx. NOI of $30,860. Please allow a MINIMUM of 24 hours notice for ALL showings. (id:47421)
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Detailed Information
Equipment
Water Heater - Gas
Location Description
Take Grand Ave W past Lacroix. Turn left onto the side street beside RestorFX. Driveway on the right-hand side.
Ownership Type
Freehold
Property Type
Multi-family
Rental Equipment
Water Heater - Gas
Transaction Type
For sale
Zoning Description
UC (HC1)
Building
Constructed Date
1900
Cooling Type
Central air conditioning
Exterior Finish
Aluminum/Vinyl, Brick
Flooring Type
Hardwood, Laminate, Cushion/Lino/Vinyl
Foundation Type
Block, Concrete
Heating Fuel
Natural gas
Heating Type
Furnace
Stories Total
2
Type
Triplex
Parking Spaces
Name
Spaces
Other
6
Land
Total Size
80.56 x Irregular | 1/2 - 1 acre
Size of Irregular Land
80.56 x Irregular
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