$ 645,500
-
$645,500
Price -
5
Bed -
2
Bath -
1,100
SqFt
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About the Listing 789801 -
Great investment property close to downtown with short bus rides to both of Fanshawe College and Western University. Fully tenanted property with total rental income of $3800 per month (upper leased until Aug 2025 - $1650, and main is March 2025 - $2150) with tenants paying all utilities. Tenants are planning on staying. Fully funded this property has a capitalization rate between 5.5% and 6% meaning right from the start it is cash flow positive. Building was cleaned up and renovated in 2023 so very little can be expected in terms of maintenance fees for the next few years. Rents are slightly below market value meaning this building will perform more strongly and be an even better addition to your portfolio as time progresses. This yellow brick home sits on the edge of Woodfield and Old East Village. The main floor has 2 large bedrooms plus a basement with additional room. The upper has 1 bedroom plus den, both with in suite laundry. Property is being sold fully furnished excluding tenants belongings. Parking is at the rear of the building and access is off of Princess.
Listing Highlights for 552 Adelaide St N
Status
Active
Days on Site
65
Property Type
Multi-Family
MLS ®
X12266365
Year Built
Total Square Footage
1,100
Lot/Acreage
N/A
Interior Details
- Bedrooms: 5
- Bathrooms: 2 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: Fireplace Insert
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement: Partially Finished
- Other: Water Heater
- Water:
Exterior Details
- Garage Capacity: N/A
- Roof: Asphalt Shingle,Metal
- Others:
- Sewer: Sewer
- Parking Features: Private Double,Tandem
Financial Details
- Tax Amount: $2,674
- Taxes w/Assessments: N/A
- Tax/Property ID: 082800181
- Tax Year: 2024
Payment Calculator
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Listing Location
Questions About..
552 Adelaide St N London East, ON N6B 3J5
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