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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$699,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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Lot Size
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Building Size
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Premise Summary
Excellent opportunity to own a well-situated 4 unit property in the heart of Sudbury. This building features four spacious units, a main floor 3-bedroom unit (vacant end of September), a second floor 3- bedroom unit rented at 1,500 per month plus hydro which has the added feature of in unit washer and dryer, a 1-bedroom ground floor unit rented at 650.00 plus hydro with separate entrance of the backyard and a second 1-bedroom unit rented at 700.00 per month plus hydro on the ground floor. Each unit is designed for comfortable living and strong rental potential. The main floor 3-bedroom unit will be vacant, providing a great opportunity for owner occupancy or to set your own rent at current market rates. The property includes parking for each unit and 2 sheds for the tenants to use. The retaining wall has been re-done in 2023, Shingles 10 years, most windows have been updated and many new exterior doors as well. Situated close to schools, parks, shopping, and public transit, this property offers both convenience and long-term tenant appeal. Whether you’re a seasoned investor or just entering the multi-family market, this property checks all the boxes for steady income and long-term value. The main floor and second level apartment also feature a nice balcony space for outdoor use. 5 separate hydro metres, one for each unit as well as a house meter. Convenient coin-op laundry This quality building is located in a mature neighbourhood with great tenants. Don’t miss your chance to own a turnkey rental property. Sitting at just over a 6% cap with room for improvement this building will be a great addition to your current portfolio or a solid first time investment. (id:39198)
Location
Province
Ontario
City
Sudbury
Address
Burton
Postal Code
P3C4L4
Location Highlights
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Listed by
ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE Ontario listing
Category
Property Information
Premise Status
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With Accommodation
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Tenancy
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Lot Size
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Available Space
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Building Size
0
Year Built
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Years Remaining in Current Lease Term
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Renewal Options
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Operational Information
Number of Working Owners
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Current Owner - years
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FF & E
Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate
Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.
Not Included
Franchise
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Financial Information
Yearly Rate
$699,000
Asking Price
$699,000
Cap Rate
The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.
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NOI
Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)
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EBITDA
Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
0
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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