1037 Richmond Street London, Ontario N6A 3J6
$899,900
Attention investors. Great Investment opportunity..Prime location walking distance to UWO. TURNKEY licensed duplex that has been renovated top to bottom. Main floor4 bedroom units rented until April 2021. Upper most likely will renew .Existing rent income ($2240 and $2280) x 12 = $54240.00. . Based on current average rents for A1 investment properties potential increase of up to 5% for new tenants in 2021. . Rents include heat. Tenants pay electricity and water. (Main floor unit rented for $2480 inclusive until April 31, 2022). Renovations include all windows, aluminum soffit, fascia and eaves troughs, all wiring throughout 2 meters, 2 electrical panels with 100 amp service, all plumbing throughout. One boiler with 3 heating zones and three thermostats. Kitchens, 4 bathrooms and all flooring either refinished or renovated. Decorated and painted throughout. Parking for 6+ vehicles. Property comes with rental license. Showings will be Tuesday, Thursdays and Saturday 1-4 pm. with 24 hrs notice and comply to Covid19 showing protocol. Listed in conjunction with 1073 Richmond St (MLS#40015337) as well. Both are available together or separately. If both purchased one must close in 2021 and the other in 2022 (id:20872)
Property Details
| MLS® Number | 40014610 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | School Bus |
| Features | Park Setting, Park/reserve |
Building
| Bathroom Total | 4 |
| Bedrooms Total | 8 |
| Appliances | Water Meter |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete |
| Heating Type | Hot Water Radiator Heat |
| Stories Total | 2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Attached Garage |
Land
| Access Type | Road Access, Highway Nearby |
| Acreage | No |
| Land Amenities | Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 130 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R3-2 |
https://www.realtor.ca/real-estate/22422701/1037-richmond-street-london
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London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp
January 14 2021 08:51:29
