$869,900

1073 Richmond Street

London ON, N6K 3K1

Description

Attention investors. Great Investment opportunity..Prime location walking distance to UWO. TURNKEY licensed student rental duplex that has been renovated top to bottom. Two 4 bedroom units rented until April 2021. Existing rent income (all rented) +/-($549. x 4 and $570.00 x 4) x 12 = $53712.00. Based on current average rents for A1 investment properties potential increase of up to 5% for new tenants in 2021. Rents include heat. Tenants pay electricity and water. Renovations include all windows, aluminum soffit, fascia and eaves troughs, all wiring throughout 2 meters, 2 electrical panels with 100 amp service, all plumbing throughout. One boiler with 3 heating zones and three thermostats. Kitchens, 4 bathrooms and all flooring either refinished or renovated. Decorated and painted throughout. Parking for 6+ vehicles. Property comes with rental license. Showings will be Tuesday, Thursdays and Saturday 1-4 pm. with 24 hrs notice and comply to Covid19 showing protocol. Listed in conjunction with 1037 Richmond St (MLS#40014610) as well. Both are available together or seperately. If both purchased one must close in 2020 and the other in 2021

Details

MLS#40015337
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1900
Days On Site69

Features

SQ Feet2,425
Units2
Building(s)1
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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6K 3K1
AreaEast
Listing VS Median (in N6K 3K1)
Price:
$869,900
low | high
Med:
$869,900
50% of Average
SqFt:
2,425
low | high
Med:
2,425
50% of Average
$ / SqFt:
$359
low | high
Med:
$359
50% of Average
On Site:
69
low | high
Med:
69
100% of Average
Listing Updated: November 24, 2020 8:00:39 PM PST
TREVOR A. TYSON LogoMLS Number: 40015337
Listing Provided By:
TREVOR A. TYSON  of  CENTURY 21 FIRST CANADIAN CORP
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