22 PALACE STREET London

22 PALACE STREET, London

$829,999

  • 8
  • 2
Fully renovated licensed legal duplex located in desirable steps to restaurants, parks, trails and walking distance to downtown London. This purpose-built duplex is a Landlords dream & is perfect for investors looking for a turnkey property with strong cash flow with a projected cap rate of over 8%. Separate heat, separate hydro and separate water meters! Each unit has their own laundry. Both units have 4 good sized bedrooms and a 4 piece bathroom, a large family room with gas fireplace and separate dining space as well as an eat in kitchen. 4\\6 parking spaces located on site. The main floor unit has been fully renovated and is leased on month to month basis and can be vacant as of July 1, 2024, allowing the new Buyer to set their own rents Current market rents for this unit is $3200 plus utilities. Downstairs is vacant and conservative rents per room at $800 + utilities is easily attainable with its proximity to downtown and UWO & Fanshawe College. (id:23309)
  • Listing ID: X8322168
  • Property Type: Single Family
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Details

  • Amenities Nearby: Park, Place of Worship, Schools
  • Parking Spaces: 4
  • Transaction: For sale
  • Zoning Description: R3-2

Building

  • Appliances: Dryer, Refrigerator, Stove, Two Washers, Two stoves, Washer
  • BasementType: None
  • Bedrooms Main Level: 4
  • Bedrooms Lower Level: 4
  • Cooling: Wall unit
  • Exterior Finish: Vinyl siding, Brick
  • Fireplace Present: False
  • Foundation: Poured Concrete
  • Bathrooms (Total): 2
  • Heating: Baseboard heaters
  • Heating Fuel: Electric
  • Stories Total: 2
  • Type: Duplex
  • Utility Water: Municipal water

Land

  • Amenities: Park, Place of Worship, Schools
  • Sewer: Sanitary sewer
  • Size Depth: 94 ft
  • Size Frontage: 45 ft
  • Size Irregular: 45.25 x 94 FT ; 94.24 x 45.41 ft x 94.23 ft x 45.41 ft

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    This property for sale, located at 22 PALACE STREET in London, was last modified on June 4th, 2024. Let us connect you with one of our real estate agents to schedule a viewing or to find other properties for sale in London.

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