Sudbury Remote Area
Sudbury Remote Area
Sold For$750,000
Listed For $769,900
Sold Aug 2024
RARE cash flowing purpose built multiplex building even with todays interest rates with immense potential to go! This money-making building currently represents an 8.7% cap rate! 5 Two identical bedroom units around 750 square feet each with many upgrades and 1 bachelor unit. The building is fully leased as Sudbury is experiencing very low vacancy. The building has fantastic potential. It has 6 open parking spots in the back, 3 separate entrances into the building. Most of the Roof was replaced in 2023, and unit 2 and unit 1 have extensive modern upgrades. Newer coin-operated laundry machines for additional incomes. Total Income is around $89,160. 7 Hydro meters, one for each unit and one of the common areas. See financials for the full breakdown of income and expenses.
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