362 St George Street, Sudbury, Ontario P3B2L6
Listing courtesy of ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE.
- $599,000
- List Price
- $599,000
- Price Change
- ▼ $76,000 1781738616
- MLS®
- 2127819
- Days on Market
- 64
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Lot Size Dimensions
- 121.00
- Lot Size
- 121
Property Description
Excellent value-add 5-plex opportunity for the savvy investor. This income-producing property generates $91,000 in gross annual rental income and 10% cap rate with upside potential through unit turnover, rental uplift and strategic upgrades. Currently 2 of the 5 units are vacant, giving buyers the rare opportunity to renovate and reposition immediately after closing. This property offers strong existing cash flow while providing clear potential to increase income over time. All units rents are all-inclusive for simplified management. Rear main floor tenant currently has use of the garage, included in rent. Potential to purchase the adjacent three unit property at 366 St. George as a package deal! A great opportunity to increase value and maximize long term returns. (id:5764)
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Additional Information
- Ownership
- Freehold
- Cooling
- None
- Country
- Canada
- Sewer
- Municipal sewage system
- Roof
- Tin, Unknown
- Heating
- Boiler
- Total Number Of Units
- 5
- Lot Size
- 121
