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1566 Allen Place London, Ontario N5W 2V8

5000
None Hot Water Radiator Heat

$899,900

Rare find - Six unit apartment building-purpose built with solid cap rate- available and ready with income. 5 three bedroom apartments and 1 one bedroom. Low maintenance exterior and situated among other well cared for buildings which share a quiet Cul-de-sac and easy access to Kiwanis Park via walking trails. While being a desirable place for Tenants to live the location offers the convenience of public transportation, close by amenities as well as being handy to Fanshawe College and Trios College. 3 units have recently renovated kitchens, most windows have been updated, water heaters are owned, separately metered and Tenants pay their own hydro, ample parking for Tenants and guests. Operating Income: $ 69,464.00 Net Operating Income:$50,192 Maintenance: $2,198.75 Utilities which include water: $7,932.26 Building Insurance: $2,924.00 (id:29438)

Property Details

MLS® Number 40088223
Property Type Multi-family
Amenities Near By Park, Playground, Public Transit, Shopping
Features Cul-de-sac, Park Setting, Park/reserve, Laundry- Coin Operated

Building

Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1961
Construction Style Attachment Detached
Cooling Type None
Exterior Finish Brick
Fire Protection Smoke Detectors, Unknown
Fireplace Present No
Foundation Type Block
Heating Type Hot Water Radiator Heat
Stories Total 3
Size Interior 5000
Utility Water Municipal Water

Land

Acreage No
Fence Type Fence
Land Amenities Park, Playground, Public Transit, Shopping
Sewer Municipal Sewage System
Size Depth 150 Ft
Size Frontage 75 Ft
Size Total Text Under 1/2 Acre
Zoning Description R8-1

https://www.realtor.ca/real-estate/23030226/1566-allen-place-london

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