40
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$777,000
Est. payment /mo
Active
184 Simcoe ST London, ON N6B 1H9
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Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
Subdivision East K
MLS Listing ID X11992024
Style Backsplit 4
Bedrooms 5
Annual Tax Amount $3,445
Tax Year 2024
Property Sub-Type Fourplex
Property Description
Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,750/m) 1 + Den, Front door renovated: Unit#2($1,050/m): Access through rear, 1 Bed, renovated Unit#3($1,332/m): Access through rear main level door, 1 Bed, Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, Coin Laundry ($150/m): Landlord pays electric meter for common area coin laundry, Storage & utility room. Deep Lot, Additional potential ZONING ALLOWS PARKING IN REAR. Take advantage of Vendor Financing 6.5% interest. After Mortgage, insurance, utilities NET Income positive cashflow $1,362.10/m**EXTRAS** Any chattels remaining on the property not belonging to Tenants. LIVE IN VACANT FRONT UNIT Vendor Mortgage = $3,367/m; Collect 3 rents+laundry = $3,762/m, Property taxes - $287/m, Utilities/Insurance - $496/m live here your Total monthly payment = $338/m with minimum Down Payment!
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 4
Separate Den/Office 1
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Electric
Exterior
Parking Features Private
Pool None
Roof Type Asphalt Shingle
Lot Frontage 38.55
Lot Depth 197.74
Total Parking Spaces 8
Building
Foundation Concrete Block
Listed by CENTURY 21 MILLENNIUM INC.