265 & 267 Cedar Street Sudbury, Ontario P3B 1M8
$749,000
This is a real money maker! This 16 unit building offers a Great location for tenants with proximity to shopping, buses and downtown office hub. There are 14 bachelor units, 2 x 2 bedrooms apartments, 1 storage unit. This property has been property has been operating as a business for over 40 years & makes a very good return. Many long-term tenants. In the last few years the property has undergone extensive updates to both the interior and exterior, boiler upgrades and a monitored fire alarm system. There are a few certificates that been done including fire safety plan & a Retrofit Certificate. A confidentiality agreement must be signed before any financial information is released. Gross income approximately $105,000.00/yr. Great deal so call for a showing!! (id:46568)
Property Details
| MLS® Number | 2116150 |
| Property Type | Multi-family |
| Equipment Type | Water Heater - Gas |
| Rental Equipment Type | Water Heater - Gas |
Building
| Basement Type | Full |
| Cooling Type | None |
| Exterior Finish | Brick, Vinyl Siding |
| Fire Protection | Fire Alarm System |
| Flooring Type | Hardwood, Linoleum, Vinyl |
| Heating Type | Boiler |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 3 |
| Utility Water | Municipal Water |
Parking
| Gravel |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | 10,890 - 21,799 Sqft (1/4 - 1/2 Ac) |
| Zoning Description | C4-1 |
https://www.realtor.ca/real-estate/26793459/265-267-cedar-street-sudbury
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April 24 2024 05:45:56
Sudbury Real Estate Board
Sutton-Benchmark Realty Inc.,
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