• City: London
• Price: $666,667
• Type: Single Family Residence
• Bedrooms: 5 + 2
• Bathrooms: 3
• Address: 427 Quebec Street
• Listing#: 40432388

Turn-Key All-Brick Triplex with Postive Cash Flow Potential! At the $666,666.66 Asking Price this property boasts a 6.6% Cap Rate with $43,783 in Net Operating Income (after expense before financing). An ideal addition to a portfolio or fully functional first time investment. Located in Old East Village, connected to East and Downtown London with accessible transit. This property freatures a private fenced in yard offering a disconnect and ample parking for at least four vehicles. Located in the heart of a revitalized community quickly becoming gentrified. Walking distance to 100 Kellogg Lane, with local shops, indoor adventure parks and the future home of the Hard Rock Hotel and to the various activities of London's reknown Western Fair District. This property was fully renovated in 2019 with new windows, furnace, A/Cs, kitchens, flooring and bathrooms. All units feature their own laundry, separate hydro meters and private entrances. The 3 bedroom unit and the two units featuring 2 bedrooms are all rented generating a monthly income of $4,823 with a gross annual rent of $57,876. Offer Date Monday June 12th at 2:00PM; pre-emptive offers welcome. All buyers whether agent represented or private buyers welcome!