Six unit apartment close to downtown. Net income approx. $34,000/year. Easy to rent. Building in good condition. Seller to provide fire and hydro certificates. Expenses (Approx.) Taxes $3698.00 (2012), Heat $3366.91 (2012), Insurance $1084.00 (2012), Water Heater $388.86 (2012), Hydro/Water/Sewer $2794.00 (2012), Lawn $540.00, Snow Removal $500.00. Total Income $46,320.00 less total expenses $12,371.77 leaves a true net income of $33,948.23. This property won`t last long! Call Rob today!
Real Estate Region:
London & St Thomas
RE/MAX Advantage Sanderson Realty Brokerage
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