Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,750/m) 1 + Den, Front door renovated: Unit#2($1,050/m): Access through rear, 1 Bed, renovated Unit#3($1,332/m): Access through rear main level door, 1 Bed, Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, Coin Laundry ($150/m): Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. Take advantage of Vendor Financing 6.5% interest. After Mortgage, insurance, utilities NET Income positive cashflow $1,362.10/m**EXTRAS** Any chattels remaining on the property not belonging to Tenants. LIVE IN VACANT FRONT UNIT Vendor Mortgage = $3,367/m; Collect 3 rents+laundry = $3,762/m, Property taxes - $287/m, Utilities/Insurance - $496/m live here your Total monthly payment = $338/m with minimum Down Payment! (id:4069)
Address
184 SIMCOE STREET
List Price
$764,900
Property Type
Multi-family
Type of Dwelling
Fourplex
Area
Ontario
Sub-Area
London
Bedrooms
6
Bathrooms
4
Floor Area
20,002,500 Sq. Ft.
Lot Size
38.6 x 197.7 FT ; DEEP LOT Sq. Ft.
MLS® Number
X11992024
Listing Brokerage
CENTURY 21 MILLENNIUM INC.
Basement Area
N/A (Finished)
Postal Code
N6B1H9
