MLS®: 144006 Status: For sale

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$699,900
Location:

697-701 Hale Street, London Ontario, N5W1J1

697-701 Hale Street, London Ontario
Description:
EXCELLENT TURNKEY INVESTMENT OPPORTUNITY WITH OVER 8% CAP RATE!! Totally renovated and fully rented! All work was done with city permits and complies to current building codes. This multi-unit property with a mix of commercial and residential tenants is ready to go! The list of upgrades is long and includes new steel support beams in basement, plumbing, two layers of 3/4 inch fire resistant drywall, insulation, electrical (transformer and hydro meters), siding, windows, roof, staircases, walls, kitchen cabinets, washrooms, fire doors and floors. Earn extra money with recently completed laundry room. Save money with 7 owned water heaters (2 yrs old). Income and expense statement available upon request. Gross annual income $69,940.00 annual operates expenses $10,507.83, net income $59,432.00. Zoning permits several different uses for commercial spaces. (id:2471)
Property:
Type: Multi-family
Acreage: under 1/2 acre
Utility Types Available: Cable (Available)
Sewer: Municipal sewage system
Structure:
Style: Multi-Family
Heating: Baseboard heaters
Exterior: Aluminum siding
Foundation Type: Block
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697-701 Hale Street, London Ontario

RE/MAX Centre City Realty Inc., Brokerage - REMAXLondon.com

Gord Prior
Sales Representative

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Telephone:
519-667-1800



Listing Office: STREETCITY REALTY INC.

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