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350 Richmond Street London, Ontario N6A 3C3

5000
Wall Unit

$1,275,000

6.8% cap rate on quality downtown London investment opportunity! Proforma net operating income (after expenses) = $86,644. The property offers six (6) turnkey residential apartments and one (1) commercial unit. The commercial (retail) unit is comprised of approximately 2,000 square feet on the main floor and an additional 2,000 square feet of full height basement space which has a separate walk-out entrance in the front and the rear of the building for added income potential. Main floor commercial space currently vacant offering great owneroccupier potential or investment with continued improvements being made in the core. Detail rent roll and expenses available upon request. (id:41806)

Property Details

MLS® Number 40345993
Property Type Multi-family
Amenities Near By Public Transit
Community Features High Traffic Area
Features Visual Exposure, Laundry- Coin Operated

Building

Basement Development Finished
Basement Type Full (finished)
Cooling Type Wall Unit
Exterior Finish Brick
Fire Protection Smoke Detectors, Alarm System
Fireplace Present No
Heating Fuel Electric
Stories Total 3
Size Interior 5000
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Sewer Municipal Sewage System
Size Frontage 20 Ft
Size Total Text Under 1/2 Acre
Zoning Description H-3 Da1 D350

https://www.realtor.ca/real-estate/25044704/350-richmond-street-london

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