1563 Allen PL Active Save Request In-Person Tour Request Virtual Tour
Middlesex,ON N5W 2V9
Key Details
Property Type Multi-Family
Sub Type Multiplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 3500-5000
Subdivision East H
MLS Listing ID X12463938
Style 2-Storey
Bedrooms 16
Annual Tax Amount $10,276
Tax Year 2025
Property Sub-Type Multiplex
Appx SqFt 3500-5000
Property Description
Investor Alert! Welcome to 1563 Allen Place, a well-maintained six-plex offering exceptional cash flow potential in a sought-after London location. This solid income-producing property features five 3-bedroom units and one 1-bedroom unit. Current gross annual income exceeds $102,900. The property includes an on-site coin-operated laundry (owned) for additional revenue and is self-managed, keeping operating costs low. Estimated monthly expenses average $2,238, including insurance, taxes, cleaning, hydro for common areas, and snow removal, resulting in an impressive projected NOI of $76,000 per year. Tenants enjoy spacious layouts, ample parking, and proximity to Western University, Fanshawe College, shopping, parks, and public transit, making this a highly desirable rental location with consistent demand. With stable tenants in place and rental growth on the horizon, this property is a turnkey addition to any investor's portfolio. Whether you're expanding your holdings or looking for a reliable income property in London's rental market, 1563 Allen Place offers the perfect balance of steady income, future growth, and low management overhead. Full Income/Expense Summary can be found in Documents.
Location
Province ON
County Middlesex
Community East H
Area Middlesex
Rooms
Family Room No
Kitchen 6
Interior
Cooling Window Unit(s)
Exterior
Parking Features Available
Pool None
Roof Type Asphalt Shingle
Building
Foundation Poured Concrete
Others
Virtual Tour https://1563-allen-place-six-ple-rx6o71x.gamma.site/