**Seller willing to Hold Financing!** 1st mortgage @6%/yr**legal Rent increases due(+$100/m)** Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,640/m): Front door access on Main level, 1+1 bed, 4 pcs bath, recently renovated, Pot Lights , laminate flooring. Unit#2($1,050/m): Access through rear, main level door, 1 Bed, 4 pcs bath, renovated with pot lights & laminated floor. Unit#3($1,300/m): Access through rear main level door, use common area stair to second level, 1 Bed, 4 pcs bathroom , eat in kitchen, laminate flooring. Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, kitchen living combined, 4 pcs bathroom. Coin Laundry ($150/m): through rear lower Level door, Landlord pays electric meter for common area coin laundry, Storage & utility room. All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. This property currently ***Under Power of Sale*** Buyer will complete their own due diligence, accept the property as is. Seller cannot offer any warranties. NET INCOME $55,759 (buyer to verify) **** EXTRAS **** Any chattels remaining on the property not belonging to Tenants (id:4069)
Address |
184 SIMCOE STREET |
List Price |
$825,900 |
Property Type |
Single Family |
Type of Dwelling |
Fourplex |
Area |
Ontario |
Sub-Area |
London |
Bedrooms |
5 |
Bathrooms |
4 |
Floor Area |
3,000 Sq. Ft. |
Lot Size |
38.6 x 197.7 FT Sq. Ft. |
MLS® Number |
X9379118 |
Listing Brokerage |
CENTURY 21 MILLENNIUM INC.
|
Basement Area |
N/A (Finished) |
Postal Code |
N6B1H9 |