592 Adelaide Street N London, Ontario N6B 3J8
$799,900
INVESTMENT AND/OR OWNER OCCUPY OPPORTUNITY. This desirable 3800 square foot building on good lot with rear parking, 6 vehicle mutual drive, located on busy, high visibility Adelaide Street N. The building is in great shape, well-maintained, freshly painted, and is presently fully occupied by four residential Tenants and one retail Tenant, and achieves a gross operating income of $67,860 per year. Apt 1 is month-to-month. Apt 2 & Apt 3 have received notice of rent increase beginning Sept 1st. Attractive main floor 600' sq ft retail space with street frontage leased $1500 per month. Retail includes storage space in basement. Coin laundry from residential tenants produces $1,500 yearly. Current Rental license 2022. Present rent: Apt 2 $1030 Apt 3 $684 Apt 4 $1150 Sep. 1st: Apt 1 $1305 24+ HOUR NOTICE MUST BE GIVEN FOR SHOWINGS. GREAT OPPORTUNITY FOR OWNER OCCUPIED WITH INCOME. (id:19173)
Property Details
| MLS® Number | 40300042 |
| Property Type | Multi-family |
| Amenities Near By | Playground, Public Transit, Shopping |
| Community Features | School Bus |
| Features | Laundry- Coin Operated |
| Parking Space Total | 6 |
Building
| Bedrooms Total | 5 |
| Basement Development | Unfinished |
| Basement Type | Full (unfinished) |
| Constructed Date | 1930 |
| Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Other |
| Fire Protection | Unknown |
| Foundation Type | Poured Concrete |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Stories Total | 2 |
| Size Interior | 3800 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Playground, Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 150 Ft |
| Size Frontage | 35 Ft |
| Size Irregular | 0.119 |
| Size Total | 0.119 Ac|under 1/2 Acre |
| Size Total Text | 0.119 Ac|under 1/2 Acre |
| Zoning Description | Ac4 |
https://www.realtor.ca/real-estate/24701869/592-adelaide-street-n-london
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. The trademark DDF® is owned by The Canadian Real Estate Association (CREA) and identifies CREA's Data Distribution Facility (DDF®)
July 27 2022 02:09:15
London and St. Thomas Association of REALTORS®
Sutton Group Preferred Realty Inc., Brokerage