29 CARTWRIGHT STREET new

London,ON N6B2W5

$ 1999000

11 Beds

12 Baths

0 SqFt


Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Subdivision East F

MLS Listing ID X11894325

Bedrooms 11

Property Description

Rare opportunity to purchase a building like this in the core area. Solid brick 12 unit apartment building. Huge upside potential with rents in the $1350. A month range of value of $2,800,000 at 5% cap rate potential rents of $1600 a month with high end finishes to the units and a projected market value of almost $3,600,000 at a 5% cap rate. Lots of parking in the back parking lot. Solid built building. Roof approx. 8 years old. Located right downtown within walking distance to shops, Victoria park and all amenities. 11 one bedroom apartments and 1 bachelor apartment. Laundry located in lower level. (id:24570)

Location

Province ON

Interior

Heating Hot water radiator heat

Exterior

Parking Features No

View Y/N No

Building

Story 3

Sewer Sanitary sewer

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