MLS®: 2078835 Status: For sale

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$615,000
Location:

415-417 Elm Street, Sudbury Ontario, P3C1W3

415-417 Elm Street, Sudbury Ontario
Description:
CENTRALLY LOCATED FULLY RENTED LEGAL 8 UNIT APARTMENT BUILDING WITH SECURE ENTRANCE. ALL BRICK WITH HOT WATER BOILER HEAT (2010) AND AN UPDATED ROOF (2008). CURRENT INCOME IS $77,628 PER YEAR PROVIDING A NET INCOME OF $51,205 (HEAT $4,110/INSURANCE $3,400/ELECTRICITY WATER SEWER $5,916). THERE IS A DEDICATED COIN OPERATED LAUNDRY ROOM THAT ALSO HAS SEPARATE METERS FOR ALL UNITS. THIS BUILDING WAS INSPECTED IN JULY 2017 AND IS COMPLIANT WITH THE CITY OF SUDBURY FIRE CODE. INVESTORS THIS IS YOUR OPPORTUNITY FOR POSITIVE CASH FLOW AND A CAPITALIZATION RATE OF 8.32% BASED ON OUR LIST PRICE!!! CALL FOR MORE DETAILS!! (id:2471)
Property:
Type: Multi-family
Acreage: under 1/2 acre
Sewer: Municipal sewage systemWater: Municipal water
Structure:
Heating: Boiler, Hot Water
Exterior: Brick
Flooring: Hardwood, Laminate, Tile, Carpeted
Foundation Type: Poured Concrete
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415-417 Elm Street, Sudbury Ontario

RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury

Susan Jackscha
Sales Respresentative

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705-560-5650

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705-929-1203

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800-601-8601


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Listing Office: REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE

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