MLS®: 117206 Status: For sale

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119 Elmwood Avenue E, London Ontario, N6C1J7

119 Elmwood Avenue E, London Ontario
Money making 9 PLEX in popular Old South, just one block away from the coffee shops, grocery store, restaurants and YMCA. 9 Individual units: 1 x bachelor, 2 x 1 bedroom, 6 x 2 bedroom; Each tenant pays their own hydro (separately metered). Great tenants, many of them long term. Units range in finish with some totally updated, and still lots of opportunity to improve other units further, and increase rents (some units rented below market value due to long term tenants) Shared Coin-Operated Laundry in lower level. Brand new boiler installed 2018. Brand new deck & balcony completed 2018. Ample parking behind the building. ** Gross Income: $76,311 Total Expenses: $27,301 NET INCOME: 49,010 ** 6.1% CAP ** Detailed Rent Roll & Expense information available upon request as well as fire certificates. Multifamily buildings in a premium location like this are a rare find! Wont last long! (id:2471)
Type: Multi-family
Acreage: under 1/2 acre
Sewer: Municipal sewage system
Style: Multi-Family
Heating: Hot water radiator heat
Heating Type: Natural gas
Exterior: Brick, Other
Foundation Type: Block, Poured Concrete
Laundry- Coin operated     
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119 Elmwood Avenue E, London Ontario

RE/MAX Centre City Realty Inc., Brokerage -

Gord Prior
Sales Representative

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