362 St George Street
Sudbury, Ontario
MLS® 2127819
$599,000
- Status
- Active
- Property type
- Multi-family
- MLS® number
- 2127819
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 16Listing description
Excellent value-add 5-plex opportunity for the savvy investor. This income-producing property generates $87,358 in gross annual rental income and 10% cap rate with upside potential through unit turnover, rental uplift and strategic upgrades. This property offers strong existing cash flow while providing clear potential to increase income over time.
All units rents are all-inclusive for simplified management. Rear main floor tenant currently has use of the garage, included in rent. Potential to purchase the adjacent three unit property at 366 St.
George as a package deal! A great opportunity to increase value and maximize long term returns.
Property summary
- MLS® number
- 2127819
- Property type
- Multi-family
- Title
- Freehold
- Land size
- 121
- Days on market
- 114 days
Features & details
- Heating
- Boiler
- Cooling
- None
- Basement
- Full
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $599,000 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 ROYAL LEPAGE NORTH HERITAGE REALTY, 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.