$2,400,000
761 DUNDAS STREET
East G, London East, ON
About this property
Exceptional mixed use investment opportunity at 755-761 Dundas Street. This established income property features 7 residential units and 4 commercial units generating a total gross annual income of $192,030. Current monthly rents total $16,002.51 ($8537.51 residential/ $7429 commercial) Annual operating expenses of approximately $33,397 (property tax, insurance, hydro, gas) Produce a net operating income of $158,633. Listed at a 6.35% Cap rate at an asking price of $2,500,000. All commercial leases include HST. Residential tenants are month to month or long term. Strong diverse tenant mix with minimal vacancy. Stable cash flow in place from day one. (id:66946)
Features
Listing courtesy of THE AGENCY REAL ESTATE. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.