LOADING

387 Melvin Avenue Greater Sudbury, Ontario P3C 4X2

Baseboard Heaters

$249,900

Well maintained turn-key 3 unit income property located in a convenient location within walking distance to downtown, this money make has an annual rental income of $30,600 and a Net operating income of $20,627.04. This turn-key 3 unit building features a 2 bedroom unit rented at $1100/month, bachelor unit rented at $650/month, and a 1 bedroom unit rented at $800/month. There are 4 separate meters, laundry, 3 storage lockers, and ample parking. Rent Roll Unit #1-2 Bed $1100 inclusive x12=$13,200 Unit #2-Bachelor $650 inclusive x12=$7800 Unit #3-1Bed $800 inclusive x12=$9600 Total Income $30,600 Expenses: Utilities $5257.46 Property Taxes 2019 $2576.58 Insurance $2138.00 Total Expenses $9972.04 Income $20,627.04 (id:38174)

Property Details

MLS® Number 2090112
Property Type Multi-family
Equipment Type Water Heater - Gas
Rental Equipment Type Water Heater - Gas
Storage Type Storage In Basement

Building

Basement Type Full
Fireplace Present No
Foundation Type Block
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 1
Utility Water Municipal Water

Parking

None

Land

Acreage No
Sewer Municipal Sewage System
Size Total Text Under 1/2 Acre
Zoning Description R2-3

https://www.realtor.ca/real-estate/22507530/387-melvin-avenue-greater-sudbury

Interested?

Contact us for more information


Generating Captcha

Royal LePage North Heritage Realty, Brokerage
860 Lasalle Blvd
Sudbury, Ontario P3A 1X5

(705) 688-0007
(705) 688-0082

RE/MAX Crown Realty (1989) Inc., Brokerage (Sudbury)
1349 Lasalle Blvd Suite 208,new Sudbury Shopping Centre
Sudbury, Ontario P3A 1Z6

(705) 560-5650
(800) 601-8601
(705) 560-9492
www.remaxcrown.ca

Your Favourites

 

No Favourites Found