761 DUNDAS STREET, London, Ontario N5W 2Z4
$2,400,000.00
- 10 bedrooms
- 8 bathrooms
Exceptional mixed use investment opportunity at 755-761 Dundas Street. This established income property features 7 residential units and 4 commercial units generating a total gross annual income of $192,030. Current monthly rents total $16,002.51 ($8537.51 residential/ $7429 commercial) Annual operating expenses of approximately $33,397 (property tax, insurance, hydro, gas) Produce a net operating income of $158,633. Listed at a 6.35% Cap rate at an asking price of $2,500,000. All commercial leases include HST. Residential tenants are month to month or long term. Strong diverse tenant mix with minimal vacancy. Stable cash flow in place from day one. (id:25417)
Price reduced $100,000 (4%) from the list price.
- Listing ID: X13080062
- Property Type: Multi-family
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