1073 Richmond Street London, Ontario N6K 3K1
8 Bedroom 4 Bathroom 2425
None Hot Water Radiator Heat Landscaped
$869,900
Attention investors. Great Investment opportunity..Prime location walking distance to UWO. TURNKEY licensed duplex that has been renovated top to bottom. Two 4 bedroom units rented until April 2021. Existing rent income ($2196) and $2280.) x 12 = $53712.00. 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 1037 Richmond St (MLS#40014610) 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) +/-($549. x 4 and $570.00 x 4) x 12 = $53712.00. 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 1037 Richmond St (MLS#40014610) 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 | 40015337 |
Property Type | Multi-family |
Amenities Near By | Airport, Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
Communication Type | High Speed Internet |
Community Features | Community Centre |
Equipment Type | None |
Features | Park Setting, Park/reserve, Conservation/green Belt, Golf Course/parkland, Paved Driveway |
Parking Space Total | 7 |
Rental Equipment Type | None |
Structure | Porch |
Building
Bathroom Total | 4 |
Bedrooms Total | 8 |
Basement Development | Finished |
Basement Type | Full (finished) |
Constructed Date | 1900 |
Construction Style Attachment | Detached |
Cooling Type | None |
Exterior Finish | Brick |
Fire Protection | Smoke Detectors |
Fireplace Present | No |
Foundation Type | Block |
Heating Type | Hot Water Radiator Heat |
Stories Total | 3 |
Size Interior | 2425 |
Type | Duplex |
Utility Water | Municipal Water |
Parking
Detached Garage |
Land
Access Type | Road Access, Highway Nearby |
Acreage | No |
Land Amenities | Airport, Golf Nearby, Hospital, Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
Landscape Features | Landscaped |
Sewer | Municipal Sewage System |
Size Depth | 126 Ft |
Size Frontage | 40 Ft |
Size Total Text | Under 1/2 Acre |
Zoning Description | R3-2 |
Utilities
Cable | Available |
DSL* | Available |
Electricity | Available |
Natural Gas | Available |
Telephone | Available |
Water | Available |
https://www.realtor.ca/real-estate/22374627/1073-richmond-street-london
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