625-627 Third Street South
Offered at: $4,200,000
MLS®: X8312710
8 unit 56 Bed student rental steps to Fanshawe College. Built in 1996. $75,000/Bed. Buildings in excellent condition. Gross Income $401,184. Aprox. 7.1% cap rate. Hydro paid by owner. Clean environmental 2014. With the influx of students coming to Ontario the properties rent roll will continue to grow. Current owners sign 1 year lease with each student. Coin operated Laundry in each suite. (id:6769)
Quick Stats
Key Home Data
16
BATH(S)
BED(S)
24600
SQFT
YES
SHOWING AVAILABLE
Property Type:
Multi-family
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