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$ 1,949,900
Est. payment /mo
Active
1590 Kelly Lake Road Sudbury, ON P3E4M1
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2120736
Originating Board Sudbury Real Estate Board
Property Sub-Type Freehold
Property Description
Great investment property in Sudbury's South End location. This building has been meticulously maintained by the owners for over 37 years! There are ten 2-bedroom units and one 1-bedroom unit. All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot. The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 5.61% and gross income over $158K! One unit is currently vacant and will be rented at market rent, or you can set your own rent! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come. You Tube Video: https://www.youtube.com/watch?v=2RmRj8ypMPE (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Flooring Concrete, Parquet, Carpeted
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Virtual Tour https://my.matterport.com/show/?m=mCoW9ueMH6K&
Listed by RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY)
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