1037 Richmond Street London, Ontario N6A 3J6
8 Bedroom
4 Bathroom
Hot Water Radiator Heat
$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 30, 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:40958)
Attention investors. Great Investment opportunity..Prime location walking distance to UWO. TURNKEY licensed student rental duplex that has been renovated top to bottom. Two 4 bedroom units rented until April 2021. Existing rent income (all rented) +/-($560. x 4 and $570.00 x 4) 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. 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 seperately. If both purchased one must close in 2020 and the other in 2021 (id:40958)
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 |
| Fireplace Present | No |
| 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 21 2021 01:09:11
