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460 Clinton Avenue Greater Sudbury, Ontario P3B 2K9

$659,900

Well maintained unique 8 unit income property consisting of a 5 unit building and a 3 unit building on the same lot, this turn-key money maker has an annual rental income of $89,520.00 and a Net operating income of $53,319.58 thats just over an 8% cap rate! This building features 2-3 bedroom units, 5-2 bedroom units, a 1 bedroom unit, a heated storage area for the owner, coin operated laundry for extra income. The buildings show well with many updates, good tenants, and sellers will provide an up to date fire compliance certificate before closing. Total Operating Income $89,520.00 Total expenses (2019) $36,200.42 Net Operating Income $53,319.58 That's just over an 8% cap rate! (id:38174)

Property Details

MLS® Number 2090129
Property Type Multi-family
Equipment Type Water Heater - Gas
Rental Equipment Type Water Heater - Gas

Building

Basement Type Full, Partial
Exterior Finish Vinyl Siding
Fire Protection Full Sprinkler System
Fireplace Present No
Roof Material Asphalt Shingle
Roof Style Unknown
Utility Water Municipal Water

Parking

Other

Land

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

https://www.realtor.ca/real-estate/22516211/460-clinton-avenue-greater-sudbury

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

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

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