Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable tenants, offering stable cash flow and minimal vacancy risk. Prime location near Fanshawe College, Northland Mall, bus routes, and easy 401 access. Gross rental income is $133,755 and an NOI of $95,570. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022. (id:52316)
THRIVE REALTY GROUP INC.
$1,525,000
153 GODFREY DRIVE, London East, Ontario
Property
MLS® Number: X12494880
Address: 153 GODFREY DRIVE
City: London East
Utilities
Heating: Hot Water Radiator Heat, Natural Gas
Parking
Parking Spaces: 12
This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.
Property Sale History
Travel and Neighbourhood
75/100Walk Score®
Very Walkable
Wondering what your commute might look like? Get Directions
Location
