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MLS® X12703186

  • Key Facts
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Key Facts

Type Quadruplex
Levels Residential
Size -
Garage No
Taxes $6,303
Days Active 2
Lot Size 
Approx. Age 
MLS® Number X12703186

Property Address: 246 Greenwood Avenue, London South, ON, N6J3G4

Average square foot calculated using Size range provided by listing agent.

Description

Purpose-built four-plex that has been comprehensively renovated with major capital systems addressed, including updated electrical and plumbing throughout, new windows, modern kitchens and bathrooms, full basement waterproofing in all four units, rebuilt walkways, and new paving-stone patios. Each unit currently offers two main-floor bedrooms and a full basement that has already been professionally roughed in for two additional bedrooms, a bathroom, and a family room. Basement completion is estimated at under $100, 000 total and presents a clear value-add opportunity, with projected rental upside of approximately $740 per month per unit. Two units are currently leased at $1, 800 per month plus utilities, with two vacant units providing immediate opportunity to stabilize or reposition rents. At full occupancy at current rents, annual gross income is projected at $91, 200. Upon basement completion, projected net operating income increases to approximately $109, 154, resulting in an estimated 6.5% cap rate.Show Description
MLS® NumberX12703186
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageNo
Approx. Age
BasementFull, Partially Finished
DrivewayGarage Type:None
Garage Spaces
Heat
A/C
Heating Fuel

Extras

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Price History

00/00/0000End Date
$XXX,XXXSold Price
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00/00/0000List Date
$XXX,XXXList Price
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Starting Address
Destination Address
246 Greenwood Avenue, London South, ON

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