101 Service Greater Sudbury, Ontario P0M 2R0

$989,000

FANTASTIC OPPORTUNITY FOR INVESTORS Whether you are a first time Investor looking to create passive income stream, OR your a savvy Investor looking to add to your already successful portfolio! YOU will want to view this gem Located just off Hwy 144 in Onaping Ontario, (30 minutes Northwest of Sudbury), this all Brick Building will have an attractive cash flow for the keen investor. Solid 7 plex with 4 of the 7 units having been completely renovated, vacant and ready for new owner to set rents and pick tenants. The 5th vacant unit has also been renovated and the 2 units that are currently with tenants were renovated a few years ago, having been completely redone from the studs up.(flooring, kitchen, plumbing, electrical, washrooms, windows, insulation...all units have their own meter and are plus hydro. All common hallway areas have brand new carpeting and building interiors have been professionally painted. All units are 2 bedroom units, with lots of natural light. The 5 vacant units , will be drawing tenants from 2 local mines, Cote Gold in Gogama, and an ever growing community with a Greater City of Sudbury vacancy rate of 1.1%, the units are estimated to yield $1600-1700/ month pls hydro There is also Coin Operated washer and dryer that averages $2500/year , plenty of parking and Amenities within 5 minutes walk. An easily Realized Cap rate of 9.6% with ability to improve with the 2 tenanted units Don't miss out, book your viewing today! (id:58072)

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https://www.realtor.ca/real-estate/27204311/101-service-greater-sudbury