London North - North N
London North - North N
Sold For$440,000
Listed For $439,900
Sold Apr 2019
ATTN INVESTORS: Did someone say Cash Flow? Own a piece of downtown London with this turn-key newly renovated income property at Riverside & Wharncliffe. Layout features 5+1 bedrooms, 2 full bath, 2 kitchens, 2 sets of laundry, plenty of parking, and a huge backyard with 2 storage sheds. Grade A tenants occupying upstairs 3 bedroom @ $1850/month, and downstairs 2+1 bedroom @ $1500/month. House is zoned R2-2 so can be legally duplexed in the future. Rental license & fire safety in place. Perfect property to add to your rental portfolio with 6.4% CAP Rate. Total income is $40,200/year. Expenses are approximately $12,800/year (including property management, maintenance, and vacancy). Book your showing today!
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