Fantastic investment opportunity! This well-maintained multiplex offers five units and is ideally located just steps from Downtown London and within walking distance to Western University. The property features an attached double-car garage with two parking spaces, plus the convenience of seven additional spots spread across two private driveways - plenty of parking for tenants. This property is running a %7.0 CAP rate in a phenomenal student area with the opportunity to increase the other 4 units rental income for an even higher CAP rate. Close to public transit, grocery stores, the scenic Thames River, and Gibbons Park, this prime location provides easy access to all amenities, making it highly attractive to both students and professionals. Don't miss out on this excellent chance to own a solid income-generating property in a sought-after area! **** EXTRAS **** Please see Sales Brochure URL for more photos and floor plans with all room measurements. (id:4069)
Address
159 ST JAMES STREET
List Price
$1,198,000
Property Type
Multi-family
Type of Dwelling
Other
Area
Ontario
Sub-Area
London
Bedrooms
7
Bathrooms
6
Floor Area
2,500 Sq. Ft.
Lot Size
66 x 88 FT ; 66.16 x 88.32 x 66.16 x 88.49 Sq. Ft.
MLS® Number
X10432559
Listing Brokerage
CENTURY 21 FIRST CANADIAN CORP
Basement Area
N/A (Finished)
Postal Code
N6A1W6
Zoning
R2-2(7)
Site Influences
Park, Hospital, Schools, Public Transit
Features
Cul-de-sac
