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London, ON, N5W4Z7 • Argyle • Middlesex County
Down payment assistance available
8Beds
4Baths
0.22 acLot
Bungalow Style
Bungalow architecture
Garage
Garage
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18 days on market
Recently listed
Multi Family
ATTENTION TO ALL INVESTORS! This solid brick 4 plex needs updates, renovations, and refurbishment. It is sold as is, where it is, with no guarantees or warranties. Present rents are way below the current rental market, due to long-term tenants. The subject property is built as a one-storey fourplex\( quad style\). A $20,000 deposit is required with an offer to purchase. Each unit is configured with a living room, dining room, kitchen, two beds, and a four-piece bath, along with full, partially finished basement levels. The basement levels include laundry, mechanical, and recreation room areas. All measurements are approximate, to be verified by the buyer. The kitchen and bathrooms are original, along with the original hardwood flooring, and cosmetically dated, and average or below average overall condition. The roof shingles are newer improvements along with various windows, and two of the four furnaces. The property has 2 driveways and a single garage. The tenants are long-term with per unit rents reported at $720, $720, $750, and $750, combining to $2940 monthly and $35,280 annually, with the tenants responsible for all utilities except the hot water heater. These rents were indicative of long-term tenancies.
Based on current rates
Est. 6.75% rate · 30yr fixed · $479,920 loan
Full calculator →Key facts and listing details
6 categories of property features
3 rooms detailed
Kitchen
MainLiving Room
MainRecreation
LowerMarket data and value estimates
London, ON, N5W4Z7
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London, ON • Middlesex County
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