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360 Stratton Drive, London East, ON N5W 4Z7
London East, ON, N5W 4Z7
MLS® Number : X12319670
8 Beds / 4 Baths / 5 Parking
Lot Front: 75 Feet / Lot Depth: 125 Feet
Description
This solid brick 4 plex needs updates, renos 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 buyers can view one unit , and have a condition in the offer to purchase subject to inspection of other units. The subject property is built as a one-storey fourplex\( quad style\). A $50,000 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 were newer improvements along with various windows, along with two of the four furnaces. The property has 3 driveways and a single garage. The tenants are long-term with per unit rents reported at $720, $720, $750 and $750, combining to $1940 monthly and $23,280 annually with the tenants responsible for all utilities except the hot water heater. These rents were indicative of long-term tenancies.
Extras
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Property Type
Fourplex
Neighbourhood
East H
Garage Spaces
5
Property Taxes
$ 5,867.39
Area
Middlesex
Additional Details
Building
Bedrooms
8
Bathrooms
4
Utilities
Water
Municipal
Sewer
Sewer
Features
Kitchen
4
Family Room
Yes
Basement
Full, Partial Basement
Fireplace
No
External Features
External Finish
Brick
Property Features
Cooling And Heating
Cooling Type
None
Heating Type
Forced Air
Bungalows Information
Days On Market
0 Days
Rooms
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