434 Second Street, London East (East H), Ontario

About 434 Second Street

An excellent investment opportunity with proven cash flow, this fully tenanted 8-bedroom duplex near Fanshawe College offers immediate rental income and an attractive cap rate of over 6% based on current rental revenue and estimated operating expenses. The property consists of two self-contained 4-bedroom, 2-bathroom units, each featuring a private entrance, in-suite laundry, its own furnace and central air conditioning, and separately metered hydro. Current annual gross rental income is approximately $53,000, with an estimated net operating income of approximately $44,000. Located just steps from Fanshawe College, the property sits in one of London's strongest student and workforce rental markets, supporting consistent tenant demand and long-term investment appeal. Additional features include individual HVAC systems for each unit, internet and cable wiring in every bedroom, and a 12 x 10 shed with a steel roll-up door for convenient additional storage. An incredible opportunity to purchase a fully leased, income-producing asset offering immediate cash flow in one of London's most established rental locations. (id:6289)

More Info on this East H Duplex MLS® listing

434 Second Street is a duplex listing for sale in London East (East H). The MLS® number is X13758698. It features 8 bedrooms, 4 bathrooms. It's currently listed for $669,000. For more details on MLS® X13758698, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This duplex listing in East H is available now!

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