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$ 589,900
Est. payment /mo
Active
382 Wharncliffe RD S London South, ON N6J 2M1
3 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1100-1500
Subdivision South F
MLS Listing ID X12159652
Style Bungalow
Bedrooms 3
Building Age 51-99
Annual Tax Amount $2,297
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Amazing Investment Opportunity! This fourplex has over 7.5% Cap Rate bringing over $56,000 in rental income a year. All four units are rented at market rents with reliable, A+ tenants. This property boasts a generous 169-foot deep lot providing parking for all units. Coin- op laundry for additional income. Many recent updates have been done to the property including metal roof, eaves, soffits, most windows, siding, A/C (2020-2021). Units have been fully renovated with modern updates (2020/2021). Conveniently located near bus routes, schools, downtown, and many amenities.
Location
Province ON
County Middlesex
Community South F
Area Middlesex
Zoning AC2 (1)
Rooms
Family Room No
Basement Separate Entrance, Walk-Up
Kitchen 4
Interior
Interior Features Water Heater Owned
Cooling Central Air
Inclusions Washer, Dryer, 4 Fridges, 4 Stoves, 2 Dishwashers, Hot Water Tank
Exterior
Parking Features Available
Pool None
Roof Type Metal
Lot Frontage 31.62
Lot Depth 169.06
Total Parking Spaces 4
Building
Foundation Concrete Block
Others
Senior Community No
Listed by ROYAL LEPAGE TRILAND REALTY