367 Frood Road Sudbury, Ontario P3C 4Z7
$399,900
This investment opportunity should not be overlooked. This legal Fourplex is comprised of two bachelor units, one single bedroom unit, and a three-bedroom unit, a capitalization rate of 5% (assuming vacant unit is rented at market rate). There is additional potential for further increase in the capitalization rate. This property is particularly suited for experienced investors with renovation expertise. Notably, a quarter of the roof has undergone recent re-shingling, while the one-bedroom unit has been recently updated and is currently vacant, ready to set your own rate. Additionally, the front deck is a mere three years old, while the side deck is brand new. (id:46568)
Property Details
| MLS® Number | 2110051 |
| Property Type | Multi-family |
| Equipment Type | Other, Water Heater - Gas |
| Rental Equipment Type | Other, Water Heater - Gas |
| Road Type | Paved Road |
| Storage Type | Storage In Basement |
Building
| Basement Type | Partial |
| Cooling Type | None |
| Exterior Finish | Brick |
| Fire Protection | Smoke Detectors |
| Flooring Type | Hardwood, Linoleum, Carpeted |
| Foundation Type | Block |
| Heating Type | Boiler |
| Roof Material | Asphalt Shingle |
| Roof Style | Unknown |
| Stories Total | 2 |
| Utility Water | Municipal Water |
Parking
| Gravel | |
| Parking Space(s) |
Land
| Acreage | No |
| Sewer | Municipal Sewage System |
| Size Total Text | 0-4,050 Sqft |
| Zoning Description | R2-3 |
https://www.realtor.ca/real-estate/25358080/367-frood-road-sudbury
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March 13 2023 09:27:19
Sudbury Real Estate Board
Century 21 Integrity, Brokerage
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