22 Palace St, London East F
Cashback ~$7,375
$829,999

22 Palace St, London East F

Duplex
Property type
4
Bedrooms
2
Bathrooms
East F
Community name

Property details

Status
Active
Square feet
2500
Building type
2-Storey
A/C
Wall Unit
Heating
Baseboard
Pool
None
Lot size
45.25 X 94.00
Exterior
Library
Construction
Brick
Parking spaces
4
Age
31
Updated on
2024-05-09, 3:18 p.m.
MLS® number
X8322168

Description

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.


$7,375 for this home
Justo provides you half of the agent’s commission on the sale.
Client Ambassador - Basma Ishaq

Here for your questions

Client Ambassador • Carolina Penuela
or call us at (315) 636-6522

Listed by: COLDWELL BANKER POWER REALTY

Note: All the listing related information herein is deemed reliable but not guaranteed accurate by TRREB®, CREB® or MLS®. It is from sources deemed reliable, but should not be relied upon without independent verification.