41
See all 40 photos
$825,900
Est. payment /mo
5 BD
4 BA
Price Dropped by $23K
184 Simcoe ST London, ON N6B 1H9
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
UPDATED:
11/16/2024 01:39 AM
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3000-3500
MLS Listing ID X9379118
Style 2-Storey
Bedrooms 5
Annual Tax Amount $3,445
Tax Year 2024
Property Description
**Seller willing to Hold Financing!** 1st mortgage @6%/yr**legal Rent increases due(+$100/m)** Well Managed, Turn key in Good repair! Brick building with 5 + parking, 4 Separate meters, Coin Washer & Dryer. Unit#1($1,640/m): Front door access on Main level, 1+1 bed, 4 pcs bath, recently renovated, Pot Lights , laminate flooring. Unit#2($1,050/m): Access through rear, main level door, 1 Bed, 4 pcs bath, renovated with pot lights & laminated floor. Unit#3($1,300/m): Access through rear main level door, use common area stair to second level, 1 Bed, 4 pcs bathroom , eat in kitchen, laminate flooring. Unit#4($1,230/m): Access through rear lower level door, 1 Bed+den, kitchen living combined, 4 pcs bathroom. Coin Laundry ($150/m): through rear lower Level door, Landlord pays electric meter for common area coin laundry, Storage & utility room. All units heated by baseboard electric. Deep lot for additional potential. R3-1 Zoning allows Fourplex. This property currently ***Under Power of Sale*** Buyer will complete their own due diligence, accept the property as is. Seller cannot offer any warranties. NET INCOME $55,759 (buyer to verify)
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Region East K
City Region East K
Rooms
Family Room Yes
Basement Finished, Separate Entrance
Kitchen 4
Separate Den/Office 1
Interior
Interior Features Other
Cooling None
Inclusions Currently on the property : common area Coin Washer and Dryer, gas Tankless hot water system, in possession of Seller, with ownership unknown.
Exterior
Parking Features Private
Garage Spaces 4.0
Pool None
Roof Type Asphalt Shingle
Total Parking Spaces 4
Building
Foundation Concrete Block
Listed by CENTURY 21 MILLENNIUM INC.
GET MORE INFORMATION