246 Greenwood London South (South D), Ontario N6J3G4, London South (South D) home/condo for sale | X12703186

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Purpose-built four-plex that has been comprehensively renovated with major capital systems addressed, including updated electrical and plumbing throughout, new windows, modern kitchens and bathrooms, full basement waterproofing in all four units, rebuilt walkways, and new paving-stone patios. Each unit currently offers two main-floor bedrooms and a full basement that has already been professionally roughed in for two additional bedrooms, a bathroom, and a family room. Basement completion is estimated at under $100,000 total and presents a clear value-add opportunity, with projected rental upside of approximately $740 per month per unit. Three units are currently leased at $1,800 per month plus utilities on a month to month basis with the understanding that the new owners may want vacant possession to finish the basements. At full occupancy at current rents, annual gross income is projected at $91,200. Upon basement completion, projected net operating income increases to approximately $109,154, resulting in an estimated 6.5% cap rate. (id:26452)

Semi-detached located at 246 Greenwood London South (South D), Ontario N6J3G4. It has 8 beds, 4 bathrooms, and is 2500 square feet. It's is in the South D neighborhood.

Agent Contact: TREVOR TYSON Phone: +15194739992
Listing Courtesy of: PRIME REAL ESTATE BROKERAGE
Source: crea , MLS#: X12703186

Property Description

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