8696 GLENDON Drive, Mount Brydges ON

$ 2,500,000.00

MLS# 208599

• Multi-Family

INVESTOR ALERT!! 11-unit multifamily development for sale in Mount Brydges with attached 3-bedroom 2-car garage house. Purpose-built ICF construction with radiant in-floor heating offers extremely lean operating costs and minimal repairs and maintenance. Huge upside on rents with London and surrounding areas experiencing low vacancy rates. Located near schools, bus route, and with direct access to London, this property offers everything quality tenants are looking for. Current (normalized) NOI = $112k with projected (normalized) NOI = $155k. Take advantage of low capital costs and contact us for information on financing structures to maximize cashflow

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BROKERED BY: PRIME REAL ESTATE BROKERAGE


Facts & Features

Type
9-12 Units, Residential
Year Built
2004
Water
Municipal-Metered
Heating
In Floor
Cooling
Central Air
Lot
12500 sqft.
Price/Sqft.
$200.00
Parking
Unknown
Days on LetsLook
68

Property Details

  • Area: Middlesex County Strathroy Caradoc Twp
  • Assessed Value: $1,192,000.00
  • Age: 2004
  • Fronting: South
  • Taxes: $20,820.29 in 2018
  • Basement: No

Exterior

  • Finish: Brick
  • Foundation: ICF,Poured Concrete
  • Garage: Yes

Services

  • Electricity
  • Fibre Optics
  • Garbage/Sanitary Collection
  • Internet High-Speed
  • Natural Gas
  • Recycling Pickup
  • School Bus Route
  • Street Lights

Mortgage Calculator

Loan Amount
Years
Interest Rate

8696 GLENDON Drive, Mount Brydges ON N0L 1W0



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