London East - East H
London East - East H
Sold For$380,000
Listed For $389,900
Sold Nov 2014
Top-grade facility currently leased as a group home until Nov. 30, 2014 with net income of approximately $39,000 (10 CAP based on NET income). Present tenant has Group Home I status, and zoning allows for 5-8 bedrooms. Tenant is willing to terminate lease with new owner with 90 day notice. Lease has a 10 yr. optional term but the tenant prefers not to renew at this time. Recent updates include: metal roof (2011), interior weeping system w/20 yr warranty (2012), newly insulated and drywalled in lower (2012),2 furnaces/2 c-air units (2005), integrated fire alarm and data service lines (2005). Other features include low maintenance laminate and ceramic flooring throughout, parking for up to 5 vehicles, 8 bedrooms and 4 baths
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