193 CLARENCE STREET
London East, Ontario, N6B2J8
For Sale | $535,000 | 3 beds | 3 baths
Key facts
- Property type: Multi-family
- Structure: Triplex
- Transaction: For Sale
- Price: $535,000
- Bedrooms: 3
- Bathrooms: 3
- Lot size: 40 x 110 FT
- Parking: 3
- Listing key: 29817992
Listing overview
Attention Investors! Welcome to 193 Clarence Street, an exceptional, fully renovated, and cash-flowing triplex in London. This is the definition of a turn-key, zero-headache asset, perfectly suited for investors seeking predictable, low-maintenance returns, with AAA tenants.Financially, the property is optimized for success. Gross Annual Income is $47,184 with highly efficient operating costs. All units are separately metered for hydro, paid directly by the tenants, further protecting your NOI - which on this turnkey property, is $47,184, resulting in a staggering cap rate of 7.45%!What sets this property apart is its highly desirable and rare single-story layout. Featuring three 1-bedroom, 1-bathroom units situated entirely on the main floor (front, middle, and back), tenants enjoy tall ceilings and quiet living with zero footsteps above or below them.In 2020, this building was complete...
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