Description

MULTI-PROPERTY MULTI-UNIT INVESTOR'S PACKAGE - 7 UNITS/DOORS & PARCEL OF LAND w/ 9-15+ ADDITIONAL UNIT DEV. POTENTIAL: This listing includes a three unit building and two legal duplex units, a single car garage along with a parcel of tied land (three seperate addresses; 224, 226 & 230 Richmond Street). At the mouth of downtown London on the historic Richmond Street just north of the Thames River and northeast of iconic Wortley Village. These properties are currently fully tenanted. Present Net Operating Income (NOI) before lending costs of the seven combinded rented units is over $67,000 and at current market rents (conservative values) could be over $100,000 Net Operating Income (NOI). 230 Richmond Street is a three unit building with three bedroom units on the main and upper levels and a two bedroom unit on the lower level. Property being sold "as is/where is"(R3-1 zoning). Planner has suggested that a 9-15 Unit building can be constructed on vacant lot (w/ 224 Richmond property).

Highlights

Legal Desc.: 230 Richmond Street:PT LT 10 , SW HORTON STREET , AS IN 938912 226 Richmond Street:PT LT 10 , NW SIMCOE STREET , AS IN W43940, T/W W43940 224 Richmond Street:PT LT 10 , NW SIMCOE STREET , AS IN 857780, 938911, S/T 857780