360 STRATTON DRIVE, London East (East E), Ontario, N5W4Z7
MLS: X12930334 | Multi-Family
$599,900
























Property Description
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. (id:64974)
Quick Facts
- Property Type: Multi-Family
- Bedrooms: 8
- Bathrooms: 1
- Living Area: 9,354 sq ft (869.0 m²)
- Attached: Yes
- Parking: 4.0 spaces
- Frontage: 75 ft (22.9 m)
Costs
- Annual Taxes: $5,867.39
Listing Provided by: RE/MAX CENTRE CITY REALTY INC.
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: None
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 75 ft (22.9 m)
- Zoning: R8-10
Community & Neighbourhood
- Neighbourhood: East E
Listing Information
Listing History
MLS listing activity for 360 STRATTON DRIVE, London East (East E), Ontario, N5W4Z7 — dates reflect when changes were recorded in the DDF
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Similar Properties ?Active Comparables — Search CriteriaSearch Radius2 kmPrice Range±5%Match Home TypeYesMatch BedroomsYes
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360 STRATTON DRIVE, London East (East E), Ontario, N5W4Z7
