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    For Sale - 139 Godfrey Drive, London East, Ontario

    Est payment $8,427/mo
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    Views   1
    Time on Jump  104 day

    AI Summary *

    • Purpose-built all-brick 9-unit apartment building with stable cash flow.
    • Fully rented with great tenants, ensuring minimal vacancy risk.
    • Prime location near schools, malls, and public transportation.
    • Recent updates include new boiler and exterior paint for durability.
    • Coin-op laundry and ample parking add convenience for tenants.




    Excellent investment opportunity! Purpose-built, all-brick 9-unit apartment building featuring 6 two-bedroom, 2 one-bedroom, and 1 bachelor unit. Fully rented with great tenants, offering stable cash flow and minimal vacancy risk. Prime location near fanshawe college, northland mall, bus routes, and easy 401 access. Gross rental income is $140,091. 96 with an noi of $96,249. 46. Attractive assumable financing available (approx. 2. 69% until dec 2031 - subject to lender approval - contact listing agent for details). Perfect for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, coin-op laundry, ample parking, and exterior paint/siding updated in 2022.
    Listing IDX12494896
    Address139 Godfrey Drive
    CityLondon East, Ontario
    Price$1,700,000
    StyleInvestment
    Land Size12465
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype InvestmentHeating / Cooling Gas Hot Water

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    Listing Agency:  THRIVE REALTY GROUP INC.
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    139 Godfrey Drive
    London East , Ontario
    $1,700,000
    Get more info