Matthew Tenk
Broker of Record
1559 Allen Place London, Ontario N5W 2V9
$1,250,000
Presenting a remarkable chance for savvy investors: this purpose-built 6-plex offers not only immediate returns but also substantial potential for growth. Comprising of 5 spacious three-bedroom units, and 1 One-Bedroom Unit; each thoughtfully designed for comfortable living, this property stands as a solid addition to your investment portfolio. What truly distinguishes this opportunity is the untapped potential it holds. At the close of this month, two of the six units will become vacant, opening doors for strategic renovations or rent adjustments, further elevating your rental income. Strategically located in a prime area of London, this 6-plex enjoys proximity to a wealth of amenities, educational institutions, and recreational parks, making it incredibly appealing to tenants seeking convenience and quality living. Seize this chance to unlock the full potential of this promising real estate investment. (id:39551)
Property Details
| MLS® Number | 40484330 |
| Property Type | Multi-family |
| Amenities Near By | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Community Features | Community Centre, School Bus |
| Features | Cul-de-sac |
| Parking Space Total | 10 |
Building
| Bathroom Total | 6 |
| Bedrooms Total | 16 |
| Basement Development | Finished |
| Basement Type | Full (finished) |
| Constructed Date | 1960 |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fireplace Present | No |
| Foundation Type | Block |
| Heating Fuel | Natural Gas |
| Stories Total | 2 |
| Size Interior | 4150 |
| Utility Water | Municipal Water |
Parking
| Visitor Parking |
Land
| Acreage | No |
| Land Amenities | Park, Place Of Worship, Playground, Public Transit, Schools, Shopping |
| Sewer | Municipal Sewage System |
| Size Frontage | 85 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R8-1 |
https://www.realtor.ca/real-estate/26073590/1559-allen-place-london
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London and St. Thomas Association of REALTORS®
Prime Real Estate Brokerage
September 19 2023 03:40:23
