1566 Allen Place London, Ontario N5W 2V8
$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
Interested in this property?
Claudio Baiocchi, REALTOR®
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
London and St. Thomas Association of REALTORS®
Sutton Group - Select Realty
April 09 2021 01:49:26
