46 Neelon Avenue
Sudbury, Ontario
MLS® 2130304
$350,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 2130304
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 54Listing description
INVESTMENT OPPORTUNITY IN MINNOW LAKE! Solid brick duplex with a third unit, ideally situated on a quiet dead-end street. The property currently generates approximately $34,305 in gross annual rental income, with all three units tenanted and rents inclusive of utilities.
Unit 1 is a 1-bedroom renting for $1,400/month, Unit 2 is a 2-bedroom renting for $793. 78/month, and Unit 3 is a 2-bedroom renting for $665. 05/month.
Taxes are $4,940. With rents well below current market levels, this property offers excellent long-term upside for the right investor. Shingles have been updated.
Some work and updating will be required. Older forced air gas furnace. Water heater is owned.
Estate sale and being sold “as is”. Buyer to assume all existing tenants. A great opportunity to acquire a solid brick income property in a desirable Minnow Lake location and build value over time.
Property summary
- MLS® number
- 2130304
- Property type
- Multi-family
- Title
- Freehold
- Parking
- Attached Garage
- Days on market
- 6 days
Features & details
- Heating
- Forced air
- Basement
- None
- Flooring
- Laminate, Vinyl
- Exterior features
- Brick
What would this home cost you?
Based on the $350,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of JOHN E. SMITH REALTY SUDBURY LIMITED, BROKERAGE, Sudbury.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.