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Turnkey Investment In London, On

$998,500

For Sale: Multifamily in London, ON

Adel Sheikh Amin

ProRealtor

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Listing Details

Description

This 6-bedroom, 6.5-bathroom student rental property is steps away from Western University main campus. Common spaces (living room, dining room and kitchen) are spacious and designed to accommodate 6 students with a furnished living room and dining room. Modern finishes throughout the property. All student rental properties include a furniture and appliance package. 👉Furniture Package: 1 sofa, 1 love seat, 1 coffee table, 2 end tables,1 wall mounted TV, 1 dining room table with chairs. 👉Appliance Package: 2 refrigerators, 1 stove, 1 dishwasher, 1 microwave, 1 washing machine and 1 dryer. 👉Extra: Blinds installed on all windows. Hot Water tank is owned (not rental). 👉 **Projected Annual Income: $81,000.00 👉 **Projected Monthly Cashflow Income: $1,653.93 👉 Occupancy: May 15th, 2024 👉 2 Years Lease Guarantee included 👉 2 Years Renovation and Construction Warranty included Student Tenant Leases: 👉Tenant leases in place on purchase of property 👉Student tenants collectively agree to the terms of lease 👉Student lease agreements include parental guarantors to cover rent fees, lease term, and damage expenses 👉 Property management partners offer tenant search services 👉 Over 60,000 students to source tenants from, year after year. **Mortgage payment based on 2 year term, fixed rate of 3.99% with 30 years amortization with 20% down payment. ✨✨DON'T MISS THIS PROMOTION! BUILDER OFFERING 3.99% INTEREST FOR THIS PURCHASE! ✨✨ 📞Contact me today to learn more about this opportunity or book a private tour before its gone!

Location & nearby

This listing is located in London, ON

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