360 Stratton DR new Save Request In-Person Tour Request Virtual Tour
London East,ON N5W 4Z7
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2500-3000
Subdivision East H
MLS Listing ID X12319670
Style Bungalow
Bedrooms 8
Building Age 51-99
Annual Tax Amount $5,867
Tax Year 2025
Property Sub-Type Fourplex
Property Description
This solid brick 4 plex needs updates, renos and refurbishment. It is sold as is, where it is, with no guarantees or warranties. Present rents are way below the current rental market, due to long-term tenants. The buyers can view one unit , and have a condition in the offer to purchase subject to inspection of other units. The subject property is built as a one-storey fourplex\( quad style\). A $50,000 deposit is required with an offer to purchase. Each unit is configured with a living room, dining room, kitchen, two beds and a four-piece bath along with full, partially finished basement levels. The basement levels include laundry, mechanical and recreation room areas. All measurements are approximate, to be verified by the buyer. The kitchen and bathrooms are original along with the original hardwood flooring and cosmetically dated and average or below average overall condition. The roof shingles were newer improvements along with various windows, along with two of the four furnaces. The property has 3 driveways and a single garage. The tenants are long-term with per unit rents reported at $720, $720, $750 and $750, combining to $1940 monthly and $23,280 annually with the tenants responsible for all utilities except the hot water heater. These rents were indicative of long-term tenancies.
Location
Province ON
County Middlesex
Community East H
Area Middlesex
Rooms
Family Room Yes
Kitchen 4
Interior
Cooling None
Exterior
Parking Features Private
Garage Spaces 1.0
Pool None
Roof Type Shingles
Building
Foundation Concrete