Building

Year Built

1947

Stories Total

2

Accessibility Features YN

No

Lot

Lot Size Acres

0.12

Lot Size Square Feet

5227

Utilities

Cooling YN

Yes

Heating YN

Yes

Remarks

Public Remarks

**Prime Investment Opportunity in the Heart of Downtown London!** Expand your investment portfolio with this income-producing property featuring **5 rental units across 3 separate buildings**, currently zoned commercial and generating **$3,950 in monthly rental income ($47,400 annually)**! The property consists of two standalone homes, identified as House A and House B, along with a third building containing three additional rental units. **House A features a new metal roof**, and both homes offer basements with potential for conversion into additional efficiency apartments, subject to necessary approvals and permitting. Building 3 features two upstairs apartments, each offering 1 bedroom and 1 bathroom, along with a third rental unit on the lower level. **Apartment 1 has been renovated**, adding to the property's appeal. With a history of minimal vacancy and strong rental demand, this established investment offers consistent income potential. Tenants pay their own electric and water, helping minimize operating expenses. Situated in a convenient downtown location near local businesses, shopping, dining, and amenities, this property offers an attractive combination of **immediate rental income, multiple buildings, and potential for future expansion**. Whether you're growing your investment portfolio or looking for an established multifamily rental property, this downtown London opportunity is one you won't want to miss!

Income and Expenses

Cash Flow Before Tax

3950

Showing Information

Showing Instructions

ShowingTime. At least a 24 Hour Notice

Tax & Legal

Tax Rate

8.44

Zoning Description

Commercial (40)

Association/Community

Number Of Buildings

3

Number Of Units Total

5

Parking Features

Paved

Yes

Possession

Negotiable

Yes

Roof

Metal

Yes

Property Features