660 OXFORD STREET EAST, LONDON - $1,399,000

Newer only 3-year-old 4-plex with super luxury 1,800+S.F. 2 level apartments. Granite counters, 9-foot ceilings, stainless steel appliances, full-size in-unit washer & dryers, individual furnaces, A/C and hydro meters.

Property has a total of 16 washrooms. Each unit has 3 large bedrooms. 4-four piece washrooms in 3 of the apartments; and 3-four piece and 1-three piece in the 4th apartment. 11 of the four piece washrooms are ensuite to the bedrooms.

A MUST SEE - 10 out of 10.  Built to superior specs and finishes. Can be bought with the sister building next door to make an eight unit luxury apartment building on the same site. Recent appraisal available. NOTE: This would make an excellent owner-occupied project. Well situated for Western University and Fanshawe College.


 

660 OXFORD STREET E., LONDON
2017-2018 Proforma
    Month Year
Income      
     Rental Income Unit 1 $2,605.00 $31,260.00
  Unit 2 $3,005.00 $36,060.00
  Unit 3 $2,600.00 $31,200.00
  Unit 4 $2,990.00 $35,880.00
 Gross Income   $11,200.00 $134,400.00
       
Expense      
     Taxes Actual 2016 $622.00 $7,464.00
     Insurance Policy in place $366.00 $4,392.00
     Utilities Capped monthly
Tenant Pays overages
$900.00 $10,800.00
     Internet Included in rent $270.96 $3,251.52
Total Expenses   $2,158.96 $25,907.52
       
NET INCOME BEFORE FINANCING $9,041.04 $108,492.48
       
* Based on information provided by the Seller. Buyer must confrim all income
   and expenses
**"New" building. Maintenance costs should be negligible