1073 Richmond Street, London Ontario

John DiRenzo, Sales Representative • Phone: 1-800-901-6905 • https://www.londonstthomas.ca RE/MAX Centre City John DiRenzo Team Brokerage

1073 Richmond Street, London

1073 Richmond Street, London Ontario


MLS® ID 252857

$879,900.00 FOR SALE

Community: London / Postal Code: N6K3K1
Style/Type: Multi-Unit Multi-family Multi-Family
Ownership Type: Freehold
Exterior Finish:  Brick
Water:  Municipal water, Municipal sewage system
Heating / Cooling:  Natural gas / None Foundation:  Block, Poured Concrete / Garage Type:  Detached garage
Bedrooms:  0 / Bathrooms:  0 / 0
Age:   / Property Size:  

Appliances:  Washer, Dishwasher, Stove, Dryer, Refrigerator
Rental Equipment:  None
Directions:  West Side of Richmond St. between Sherwood and Regent

Description: Attention investors. Great Investment opportunity..Prime location walking distance to UWO. TURNKEY licensed student rental duplex that has been renovated top to bottom. Two 4 bedroom units rented until April 2021. Existing rent income (all rented) +/-($549. x 4 and $570.00 x 4) x 12 = $53712.00. Based on current average rents for A1 investment properties potential increase of up to 5% for new tenants in 2021. Rents include heat. Tenants pay electricity and water. Renovations include all windows, aluminum soffit, fascia and eaves troughs, all wiring throughout 2 meters, 2 electrical panels with 100 amp service, all plumbing throughout. One boiler with 3 heating zones and three thermostats. Kitchens, 4 bathrooms and all flooring either refinished or renovated. Decorated and painted throughout. Parking for 6+ vehicles. Property comes with rental license. Showings will be Tuesday, Thursdays and Saturday 1-4 pm. with 24 hrs notice and comply to Covid19 showing protocol. (id:28567)
Rooms & Sizes
Code Level Size

Contact Us!

1073 Richmond Street, London | MLS ID® 252857
For More Information or Schedule a Showing, send John a Message or Call 1-800-901-6905
John DiRenzo, Sales Representative | RE/MAX Centre City John DiRenzo Team Brokerage

Please Note: We do not distribute your personal information to 3rd parties. Your contact information will be used only to contact you for the purpose of this request unless specified otherwise.