592 Adelaide Street N, London, Ontario, N6B3J8, Canada

Property Description

Fourplex for sale in London located in 592 Adelaide Street N , Ontario, N6B3J8, Canada. This Fourplex have 5 bedrooms and 3 bathrooms. This property listing building style is Detached. For all the rest of the information we have about this property in London , see above.

Excellent investment property near downtown with high traffic exposure. 1 retail/commercial unit and 4 residential units. Unit 1 - 600 sq. ft. retail/commercial shop plus up to 500 sq. ft. basement storage - $1, 500.00 all inclusive. Unit 2 - newly renovated luxury main floor apartment renting at $1, 290.00 all inclusive, Unit #3 - main floor bachelor apartment renting at $674.00 all inclusive plus an additional 1 room office can be used with the business or could become a bedroom added to the bachelor apartment. 2nd floor - Unit #4 - one bedroom apartment renting for $1, 000.00 and Unit #5 - 2 bedroom large apartment renting for $1, 019.00 all inclusive plus coin operated laundry in the basement for all tenants. Total annual income is $67, 296.00 and total annual expenses are $25, 944.00 (including one time cost of exterior painting $7880.00). Net operating income $41, 352.00. Mutual driveway with 6 parking spots at the back, nicely landscaped. The property is in very good conditioned and well maintained.