This solid 4-plex located at 257 Oak Street features four spacious 2-bedroom units, all currently tenanted on plus-hydro leases with reliable tenants in place. The property includes an attached rear-access garage already generating storage income, along with three brand new basement storage units ready to rent as additional revenue streams. The roof was fully replaced in 2022, and the building runs on a gas boiler with a full-height walk-out basement. With all appliances included, the property is turn-key for the next owner. Located in a downtown-adjacent pocket of Sudbury, walking distance to the core and transit at the door, tenant demand on this street has remained consistently strong. Generating almost $90,000 in annual gross revenue with an NOI of nearly $70,000 and a cap rate over 8.5%, this is a strong-performing investment opportunity with built-in upside. (id:38174)
| MLS® Number | 2128100 |
| Property Type | Multi-family |
| Amenities Near By | Hospital, Playground, Public Transit, Schools |
| Storage Type | Storage In Basement |
| Basement Type | Full |
| Exterior Finish | Aluminum Siding, Brick |
| Flooring Type | Laminate, Linoleum, Vinyl |
| Foundation Type | Block |
| Heating Type | Boiler |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Utility Water | Municipal Water |
| Gravel |
| Acreage | No |
| Land Amenities | Hospital, Playground, Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | R2-3 |
https://www.realtor.ca/real-estate/29811890/257-oak-street-sudbury
Contact us for more information
(705) 566-5454
(705) 566-5450
suttonbenchmarkrealty.com/
(705) 566-5454
(705) 566-5450
suttonbenchmarkrealty.com/
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