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101 Service

SudburyON, P0M 2R0

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Beds
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Baths
$989,000
List Price
101 Service, Sudbury, ON - 1 of 3
101 Service, Sudbury, ON - 2 of 3
101 Service, Sudbury, ON - 3 of 3
58 days on market

Quick Summary

  • Attractive cash flow for keen investors
  • Solid 7-plex with 4 fully renovated units
  • 5 vacant units ready for new owner to set rents
  • 2 units with tenants recently renovated
  • All units have separate meters and are plus hydro
  • Common areas have brand new carpeting
  • Professionally painted building interiors
  • Coin-operated laundry averaging $2,500/year

FANTASTIC OPPORTUNITY FOR INVESTORS Whether you are a first time Investor looking to create passive income stream, OR your a savvy Investor looking to add to your already successful portfolio! YOU will want to view this gem Located just off Hwy 144 in Onaping Ontario, (30 minutes Northwest of Sudbury), this all Brick Building will have... Show More

FANTASTIC OPPORTUNITY FOR INVESTORS Whether you are a first time Investor looking to create passive income stream, OR your a savvy Investor looking to add to your already successful portfolio! YOU will want to view this gem Located just off Hwy 144 in Onaping Ontario, (30 minutes Northwest of Sudbury), this all Brick Building will have an attractive cash flow for the keen investor. Solid 7 plex with 4 of the 7 units having been completely renovated, vacant and ready for new owner to set rents and pick tenants. The 5th vacant unit has also been renovated and the 2 units that are currently with tenants were renovated a few years ago, having been completely redone from the studs up.(flooring, kitchen, plumbing, electrical, washrooms, windows, insulation...all units have their own meter and are plus hydro. All common hallway areas have brand new carpeting and building interiors have been professionally painted. All units are 2 bedroom units, with lots of natural light. The 5 vacant units , will be drawing tenants from 2 local mines, Cote Gold in Gogama, and an ever growing community with a Greater City of Sudbury vacancy rate of 1.1%, the units are estimated to yield $1600-1700/ month pls hydro There is also Coin Operated washer and dryer that averages $2500/year , plenty of parking and Amenities within 5 minutes walk. An easily Realized Cap rate of 9.6% with ability to improve with the 2 tenanted units Don't miss out, book your viewing today! (id:54626)

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Property Details

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Utilities

Water
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Municipal sewage system

Ownership Details

Ownership

Title
Freehold
Zoning
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Source

Listing Brokerage

MLS® Listing
2118159
Last Updated
July 23, 2024
Brokerage
SUTTON-BENCHMARK REALTY INC., BROKERAGE
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