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5 + 4
BEDROOMS3
BATHROOMS1 + 1
KITCHENS11 + 7
ROOMSX7579066
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Listing History
| List Date | End Date | Days Listed | List Price | Sold Price | Status |
|---|---|---|---|---|---|
| 2014-07-03 | 2014-07-22 | 19 | $499,900 | $495,000 | Sold |
| 2003-02-17 | 2003-05-12 | 87 | $295,000 | $285,000 | Sold |
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Property Description
Attention Investors. Rare Opportunity To Own A Fully Rented Legal Non-Conforming Duplex On Highly Sought After Street Next To Kings College And Uwo. This Fantastic Income Property Features 9 Bedrooms In Total And Is Fully Licensed By The City Of London. This Property Is Deceivingly Large And One Of A Kind On The Street. The Upper Unit Features 5 Bedrooms That Rent For $525 Per Room And The Lower Unit Features 4 Bedrooms That Rent For $465 Per Room. All Rooms Are Fully Rented And On Lease Until April 30, 2015. This Property Has A History Of 100 Occupancy Due It Its Close Proximity To The University. Total Annual Revenue Of $53,820, Yielding A Fantastic Cap Rate Of Nearly 8 Percent (7.79 Percent) After Expenses. Upgrades Include Furnace, Air Conditioner (2014,2012) Hard Surface Flooring Upstairs (2013), Roof (2011) And Fresh Paint Throughout. Well Maintained Property, Turn Key Investment.
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