97-99 Fairview Avenue, Sudbury, Ontario, P3B 2M9

$170,000

MLS® # 2124755

Investment For Sale In Sudbury, Ontario

$170,000

Property Information:

Centrally located 4-unit income property with excellent upside potential! Currently generating a 15.57% cap rate, this building is ideal for a BRRR investor looking to renovate and maximize rental income. One of the 1-bedroom units is vacant and ready for improvements, creating an immediate value-add opportunity. All units are heated with efficient gas convection wall units, and the back shingles were replaced in 2019. With room to further increase net operating income and appreciation, this property offers both strong current cash flow and future growth. (id:27)

Building Features:

  • Style: Multiplex
  • Basement Type: Partial
  • Exterior Finish: Vinyl siding
  • Flooring Type: Laminate
  • Foundation Type: Block
  • Roof Material: Asphalt shingle
  • Roof Style: Unknown
  • Heating Type: Other

Property Features:

  • OwnershipType: Freehold
  • Property Type: Multi-family
  • Access Type: Year-round access
  • Amenities Nearby: Public Transit, Schools, Shopping
  • Zoning: R2-3
  • Sewer: Municipal sewage system
  • Parking Type: Paved Yard

Courtesy of: REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

This listing content provided by REALTOR.ca has been licensed by REALTOR® members of The Canadian Real Estate Association.

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