London South - South J
London South - South J
Sold For$860,000
Listed For $929,900
Sold 11 months ago
Purpose-built all brick fourplex located on a quiet residential street in Glen Cairn Woods municipally known as 1018-1020 Eagle Drive. Four two bedroom units have been remodeled with newer kitchens and bathrooms, laminate flooring and replacement windows in the past ten years. Roof shingles replaced in 2017. Lower unit at 1018 is currently vacant. Tenants pay for separately metered electricity. Gross annual rent of $57,014.00 including coin laundry and net operating income of $41,526.62. Building has been very well maintained over the last 35 years by the current owner. Also, potential to sever the lot into three single family building lots of 40 feet each subject to municipal approval. Copy of rent roll including operating expenses, City Rental License and Surveyor's Certificate available
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