22 Palace Street London, ON
PROPERTY INFO
Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlord’s dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 4\6 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College. (id:4555)
PROPERTY SPECS
Listing ID 40566442
Address 22 PALACE Street
City London, ON
Price $869,999
Bed / Bath 8 / 2 Full
Construction Brick, Vinyl siding
Type Duplex
Status For sale
EXTENDED FEATURES
Year Built 1989Basement NoneParking 4Amenities Nearby Park, Place of Worship, Playground, Public Transit, Schools, ShoppingCommunity Features Community CentreOwnership FreeholdCooling Wall unitFoundation Poured ConcreteHeating Baseboard heatersHeating Fuel ElectricUtility Water Municipal water Date Listed 2024-04-08 16:01:19Days on Market 24Parking 4
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LISTING OFFICE:
Coldwell Banker Power Realty BROKERAGE, Daniela Nicole Angus
