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$699,000
Est. payment /mo
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2124609
Property Sub-Type Freehold
Source Sudbury Real Estate Board
Property Description
Excellent opportunity to own a well-situated 4 unit property in the heart of Sudbury. This building features four spacious units, a main floor 3-bedroom unit (vacant end of September), a second floor 3- bedroom unit rented at 1,500 per month plus hydro which has the added feature of in unit washer and dryer, a 1-bedroom ground floor unit rented at 650.00 plus hydro with separate entrance of the backyard and a second 1-bedroom unit rented at 700.00 per month plus hydro on the ground floor. Each unit is designed for comfortable living and strong rental potential. The main floor 3-bedroom unit will be vacant, providing a great opportunity for owner occupancy or to set your own rent at current market rates. The property includes parking for each unit and 2 sheds for the tenants to use. The retaining wall has been re-done in 2023, Shingles 10 years, most windows have been updated and many new exterior doors as well. Situated close to schools, parks, shopping, and public transit, this property offers both convenience and long-term tenant appeal. Whether you're a seasoned investor or just entering the multi-family market, this property checks all the boxes for steady income and long-term value. The main floor and second level apartment also feature a nice balcony space for outdoor use. 5 separate hydro metres, one for each unit as well as a house meter. Convenient coin-op laundry This quality building is located in a mature neighbourhood with great tenants. Don't miss your chance to own a turnkey rental property. Sitting at just over a 6% cap with room for improvement this building will be a great addition to your current portfolio or a solid first time investment. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters
Flooring Laminate, Tile, Carpeted
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Private Pool No
Building
Story 2
Sewer Municipal sewage system
Others
Ownership Freehold
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Listed by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
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