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454 Melvin Avenue Sudbury, Ontario P3C 4X4

None Boiler, Hot Water

$299,000

Are you looking for an investment to add to your portfolio? Or maybe it could be owner occupied and let the rental units pay the mortgage. This solid and well maintained 5 unit building is ready for immediate purchase. Currently the building is made up of One 2 bedroom unit - $900/mth all incl. Two 1 Bedroom units - one rented at $700.mth all incl. and one currently vacant and ready to set your own rent. Two Bachelor units - one rented to long term tenant at $500/mth all incl. and one currently vacant to set your own rent. The vacant units are clean and ready for immediate occupancy. Potential rental income is $40,800 or more plus coin operated laundry. Expenses run approximately 11,000.00 in 2019. Current seller charges rents all inclusive for ease of payments but there are 5 meters in the building. The roof is approximately 7 years old. Efficient natural gas hot water boiler heat. Solid building. Plenty of parking in rear off laneway access. Public bus stop is two houses down the street. Very quiet area close to Queen Elizabeth II school and minutes to College Boreal, shopping and down town. (id:33559)

Property Details

MLS® Number 2090037
Property Type Multi-family
Amenities Near By Playground, Public Transit, Schools
Equipment Type Water Heater - Gas
Rental Equipment Type Water Heater - Gas
Road Type Paved Road

Building

Basement Type Full
Cooling Type None
Exterior Finish Brick, Stucco
Fire Protection Smoke Detectors, Full Sprinkler System
Fireplace Present No
Flooring Type Laminate, Linoleum, Vinyl
Foundation Type Block
Heating Type Boiler, Hot Water
Roof Material Asphalt Shingle
Roof Style Unknown
Utility Water Municipal Water

Parking

Gravel
Parking Space(s)

Land

Access Type Year-round Access
Acreage No
Land Amenities Playground, Public Transit, Schools
Sewer Municipal Sewage System
Size Total Text 0-4,050 Sqft
Zoning Description R2-2

https://www.realtor.ca/real-estate/22490007/454-melvin-avenue-sudbury

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