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339 Queen Street Greater Sudbury, Ontario P3B 2K3

Boiler

$599,900

Exceptional Investment Opportunity - well-maintained fourplex that boasts a 7% CAP RATE. This property features a diverse mix of units, including a 3-bedroom unit, two 2-bedroom units, and a 1-bedroom unit, catering to a wide range of tenants. Each unit has its own separate entrance, ensuring privacy and convenience for all residents. The property is equipped with five separate hydro meters, allowing tenants to have individual control of heat. A new gas hot water boiler has been installed, further enhancing the appeal of this investment. Here's a brief overview of the units: - Unit 1: A spacious 3-bedroom unit, currently rented for $2200/month plus hydro. - Unit 2: A cosy1-bedroom unit, currently rented for $1250/month plus hydro. - Unit 3: Another 2-bedroom unit, currently rented for $787/month, inclusive of utilities. The tenant maintains the grounds, including snow removal, grass cutting, and general repairs, in exchange for a reduction in rent. - Unit 4: A spacious 2-bedroom unit, currently rented for $1000/month, all-inclusive. All tenants are comparative and consistently pay their rent on time, contributing to the stability of your investment. This fourplex represents a fantastic investment opportunity, combining reliable cash flow with the potential for capital appreciation. Don't miss out on this chance to add a high-performing asset to your portfolio. (id:46568)

Property Details

MLS® Number 2116549
Property Type Multi-family
Equipment Type Water Heater - Gas
Rental Equipment Type Water Heater - Gas

Building

Basement Type Full
Exterior Finish Vinyl Siding
Foundation Type Block
Heating Type Boiler
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 2
Utility Water Municipal Water

Parking

Parking Space(s)

Land

Acreage No
Sewer Municipal Sewage System
Size Total Text 4,051 - 7,250 Sqft
Zoning Description R2-3

https://www.realtor.ca/real-estate/26875501/339-queen-street-greater-sudbury

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