$1,245,000

88 Becher Street

London ON, N6C 1A7

Description

Safe and Secure Investment - This 5-Plex is always fully rented in a great area & Has Very Few expenses ($75000 NOI).Seller may hold 2nd mortgage @5% (+2nd yr) VTB.The Tenants pay all the rest With fully owned equipment including: Fridges.Stoves, Washers, Dryers, Dishwashers, On Demand Water heaters and VERY efficient HydroTherm Air Handlers Heating and Air conditioning units (with Ductwork) ALL X 5 (All appliances owned in each of 5 units All utilities paid by tenants). Great Tenants (some share rooms) with 10 minute walk across the bridge and parkland and walkways 5 minutes away. Gutted over the 15 year ownership, Each unit has character and charm and an outdoor area with Private deck or patio area. 6 Car Parking + I car garage on this tree-lined south street near the river. We would like to consider the Tenants Safety Covid Pre-Cautions Please see Doc. Over $92,000 (current 2020) Rental income with Low expenses (based on 2019) -this can be your retirement savings plan! 24 hr Notice

Details

MLS#262279
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1910
Days On Site65

Features

Units5
Building(s)1
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Area Information
ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6C 1A7
AreaSouth
Listing VS Median (in N6C 1A7)
Price:
$1,245,000
low | high
Med:
$1,245,000
50% of Average
On Site:
65
low | high
Med:
65
100% of Average
Listing Updated: 08/06/2020
CHRISTINE M. CRNCICH LogoMLS Number: 262279
Listing Provided By:
CHRISTINE M. CRNCICH  of  COMMUNITY REAL ESTATE GROUP INC.
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