London East - East B
London East - East B
Sold For$750,000
Listed For $699,000
Sold Nov 2021
Attention Investors! Awesome turn-key rental property with a cap rate over 5%! This 6-bedroom, 2-bath home is located close to Western University - only steps away from the University gate on Richmond St. Generous sized bedrooms with plenty of living space. Currently tenanted with clean & respectful tenants until April 30, 2022. The current lease is $3450.00/month with tenants paying their own utilities (Gas, Hydro, Heat, Cable, Internet). The current landlord is responsible for Maintenance, Property Insurance ($1400.00/year) and Property Taxes. Water heater is owned. Tenants have mentioned the possibility of renewing for an additional year, which can be worked out with new landlord. Licensed with the city, as well!
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