235 Hamilton Rd - Apartments FOR SALE


London, ON N5Z 1P9
$999,800 CAD
905-361-9098
235 Hamilton Rd, London, ON for Sale
$999,800 CAD
Apartments - FOR SALE
1/20
null | 7.5% Cap Rate

235 Hamilton Rd
London, ON N5Z 1P9


HIGHLIGHTS

  • Access to public transit
  • Located at a busy intersection
  • Newly renovated

OVERVIEW

Legal Five-Unit Property Consisting Of Four Two-Bedroom Units And One Large Three-Bedroom Unit. Each Unit Has One Bath, Kitchen, And Its Own Private Laundry. Meticulously Updated. All Units Are Large In Size And Each Has Its Own Hydro Meter And Separate Entrance. Located In An Excellent Rental Area. Annual Income Projected At $96,540 Per Year. Unit #1 Rented At $1,550 + Hydro, Unit #2 Rented At $1,500 + Hydro, Unit #3 Advertised At $1,395 + Hydro, Unit #4 Advertised At $1,700 + Hydro, Unit #5 Advertised At $2,000 + Hydro. Cap Rate Of 7.5%. An Amazing Investment Opportunity With Two Of Five Units Currently Tenanted. Property Management Is Processing Leads To Fill The Remaining Three Units. Expenses For Past 12 Months Approximately: $9,600 For Gas & Water, $3,312 For Property Management, $6,012 For Insurance, And Maintenance Estimated At 2% Of Gross Rent, $1,931. Total Expenses Are Estimated At $20,903 Annually.

FOR SALE DETAILS

PRICE

$999,800 CAD

PRICE/SF

$273 CAD /SF

# OF UNITS

5

PRICE/UNIT

$199,960

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1888

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.13 AC

LAND SF

5,527 SF

ZONING

-

APN/PARCEL ID

393605016000800

ASK ABOUT THIS PROPERTY

Micheal DesormeauxRock Star Real Estate Inc.More Info
905-361-9098

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Micheal DesormeauxRock Star Real Estate Inc.More Info
905-361-9098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.