8 Units in London
$4,200,000
Highlights
Units
8
Stories
3
Price Per Unit
$75,000
Lot Size
24,305 ft²
Cap Rate
7.1%
8 unit 56 Bed student rental steps to Fanshawe College. Built in 1996. $75,000/Bed. Buildings in excellent condition. Gross Income $401,184. Aprox. 7.1% cap rate. Hydro paid by owner. Clean environmental 2014. With the influx of students coming to Ontario the properties rent roll will continue to grow each year. Current owners sign 1 year lease with each student. Coin operated Laundry in each suite.
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All information furnished regarding this property is from sources deemed reliable but no warranty or representation is made to the accuracy thereof and same is submitted subject to errors, omissions, change of price or other terms, prior to sale or withdrawal without notice. Prospective purchasers are advised to seek independent legal, accounting, or any other consulting advise as may be deemed necessary to submit an offer to purchased.