629 WALLACE Street, London ON

$ 819,000.00

MLS# 192607

• Multi-Family

ASSUMABLE LOAN AND VTB AVAILABLE!!!! Did someone say CAP RATE? Check out this cash machine and park your money in a great investment property. Turn-key, newly renovated 6-plex on a quiet dead end street at Oxford and Adelaide. 6.45% Cap Rate. Gross Annual Income $79,020. Annual Expenses $25,311 (including property management, maintenance, and vacancy). Enough parking in the front of the building for 6-7 vehicles. 5 of 6 units have been thoroughly renovated. Rental license and fire inspection up to date. Recent appraisal from CIBC also available upon request. Showing will be as follows: Saturday 1-3pm; Tuesday 6-8pm; Thursday 10am-12pm. FULLY RENTED 6-PLEX, 600K ASSUMABLE LOAN FROM CIBC, 100K TO 150K VTB AVAILABLE AT 6.5%!!!!

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BROKERED BY: PEAK PROFESSIONALS REALTY INC.


Facts & Features

Type
5-8 Units, Residential
Year Built
Unknown
Water
Municipal-Metered
Heating
Forced Air-Gas
Cooling
Other (See Remarks)
Lot Size
Under .5 Acre
Parking
Unknown
Days on LetsLook
133

Property Details

  • Area: City of London East
  • Assessed Value: $289,000.00
  • Fronting: South
  • Taxes: $3,816.06 in 2018
  • Basement: No

Interior

  • Heat Secondary: Forced Air-Gas

Exterior

  • Finish: Aluminum Siding
  • Foundation: Unknown
  • Garage: No

Services

  • Cable
  • Cell Service
  • Electricity
  • Garbage/Sanitary Collection
  • Internet High-Speed
  • Natural Gas
  • Public Transit
  • Recycling Pickup
  • School Bus Route
  • Telephone

Mortgage Calculator

Loan Amount
Years
Interest Rate

629 WALLACE Street, London ON N5Y 3R8



Request a Showing

For more information, or to schedule a showing, use the form below to contact an agent.