387 Horton Street E, London
- Bedrooms: 7
- Bathrooms: 5
- Living area: 3000 square feet
- Added: 100 days ago
- Updated: 24 days ago
- Last Checked: 11 hours ago
Exciting Investment Opportunity! Highly desirable rental property conveniently located near downtown. This three-unit building is situated on a spacious lot, within walking distance to downtown and near major transit routes. Units 1 and 2 offer two bedrooms and one bathroom each on the ground level. Unit 3, located on the upper level, is divided into three separate units (A, B, and C). Unit A features 2 bedrooms and 1 bathroom, Unit B has 1 bedroom and 1 bathroom, and Unit C is a bachelor unit with a bathroom. Experience the beauty of scenic trails along the Thames River, attend major ball games in London, and enjoy various festivals and entertainment events downtown. This property generates a net income of $58,000 annually, with a Pro Forma worksheet available for review upon request. With a remarkable cap rate of 7.1%, this investment opportunity is not to be missed. Act swiftly to seize this lucrative opportunity! (id:1945)
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Property DetailsKey information about 387 Horton Street E
- Heating: Forced air, Natural gas
- Stories: 2
- Structure Type: Other
- Exterior Features: Stucco, Vinyl siding
- Foundation Details: Concrete
Interior FeaturesDiscover the interior design and amenities
- Basement: Unfinished, Crawl space
- Bedrooms Total: 7
Exterior & Lot FeaturesLearn about the exterior and lot specifics of 387 Horton Street E
- Water Source: Municipal water
- Parking Total: 4
- Lot Size Dimensions: 33 x 165 FT
Location & CommunityUnderstand the neighborhood and community
- Directions: Colborne & Horton
- Street Dir Suffix: East
Utilities & SystemsReview utilities and system installations
- Sewer: Sanitary sewer
Tax & Legal InformationGet tax and legal details applicable to 387 Horton Street E
- Tax Annual Amount: 2490
- Zoning Description: R8-4,AC4
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Nearby Listings Stat
Active listings
3
Min Price
$519,900
Max Price
$949,999
Avg Price
$739,933
Days on Market
108 days
Sold listings
2
Min Sold Price
$1,249,000
Max Sold Price
$1,499,900
Avg Sold Price
$1,374,450
Days until Sold
85 days