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  • * $819,000

629 Wallace Street, in London

This is a Multi-family (Multi-Unit).

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629 Wallace Street, in London

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%!!!! (id:6289)

$819,000
629 Wallace Street, London, Ontario

Essential Information

  • Listing #192607
  • Price$819,000
  • Bathrooms0.00
  • TypeMulti-family
  • Sub-TypeFreehold
  • StyleMulti-Unit

Amenities

  • AmenitiesRecreation, Park, Public Transit
  • UtilitiesCable
  • FeaturesLaundry- Coin operated
  • Parking Spaces6

Exterior

  • ExteriorAluminum siding
  • FoundationUnknown

Community Information

Interior

  • HeatingNatural gas Forced air
  • Has BasementYes
  • # of Stories2

Listing Details

  • Listing OfficePEAK PROFESSIONALS REALTY INC.
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