153 Godfrey Dr, London East, N5V 2E8

Listing Overview

Description

Excellent Investment Opportunity! Purpose-built, all-brick 9-unit apartment building featuring 8 one-bedroom units and 1 bachelor unit. Fully rented with reliable 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 $133,755 and an NOI of $95,570. Ideal for gradual rent increases through natural turnover and updates. Tenants pay rent + hydro. Features include new boiler, new roof, new parking lot, coin-op laundry, ample parking, and exterior paint/siding updated in 2022.

11 days

On Market

Investment

Property Type

$11,874 / Year

Est. Taxes

Apartment

Style

Apts-6 To 12 Units

Business Type

-

Franchise