|Address||242 Furnival Rd, Rodney, ON N0L 2C0, Canada
|Bedrooms (#)||6 or more bedrooms|
|Bathrooms (#)||5 bathrooms|
|For Sale By||Owner|
Income Property, Income Opportunity.
Street address: 242 Furnival Rd. , Rodney, (Municipality of West Elgin) Ontario,
Location: Rodney , (Municipality of West Elgin ) Ontario
242 Furnival Rd. Rodney, Ontario
2 Storey Block & Metal Clad
New Roof in 2004.
This is a commercial building with retail space of 3300sq.ft. below, and 3 apartments at 3965sq.ft above..
THIS BUILDING IS CURRENTLY FULLY OCCUPIED.
All 3 apartments on upper floor are 2 bedroom units. These were built in 1985. Upper floor has electric baseboard heating, but cost is very reasonable. Rents for apartments and retail store below include the utilities. The Pizza shop pays their own gas. We bill them their hydro.
Downstairs is rented. The downstairs has natural gas hot water heating.
Presently the building is all rented now. We have no trouble renting this building.
Gross income per month $3500.00. Netting $21,074.00 per year after utilities, taxes and insurance paid. That is a healthy 10% return on your money. Property taxes are 2685.46 per year.
Other financial information available to serious parties only.
Located in the centre of Rodney, on Furnival Road.
Rodney is 40km SW of London just off the 401.
A great income opportunity for only $189,000.00
You could have your own business downstairs and live upstairs all for the price of a house only, plus have the other 4 units bring in revenue to support you or pay the mortgage.
Why pay for property at 259,000 to 375,000 for the same return of 21074.00, in London or elsewhere? These units are always rented and utilities cost the same everywhere.
(Pizza business is not for sale.)
Serious inquiries only. Not in Real Estate now.
John or Diane 519-785-2120
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