1566 Allen Pl, London, ON N5W 2V8

Rare find - Six unit apartment building-purpose built with solid cap rate- available and ready with income. 5 three bedroom apartments and 1 one bedroom. Low maintenance exterior and situated among other well cared for buildings which share a quiet Cul-de-sac and easy access to Kiwanis Park via walking trails. While being a desirable place for Tenants to live the location offers the convenience of public transportation, close by amenities as well as being handy to Fanshawe College and Trios College. 3 units have recently renovated kitchens, most windows have been updated, water heaters are owned, separately metered and Tenants pay their own hydro, ample parking for Tenants and guests. Operating Income: $ 69,464.00 Net Operating Income:$50,192 Maintenance: $2,198.75 Utilities which include water: $7,932.26 Building Insurance: $2,924.00