ON
Sudbury
P3B2L6
362 St George Street St
362 St George Street St, Sudbury, ON P3B2L6
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Listing Type
Multi Family
Listing Status
Active
0
$675,000

Home Details for 362 St George Street St

Price
$675,000
Type
Residential Income
Listing #
2127819
Property Description

Excellent value-add 5-plex opportunity for the savvy investor. This income-producing property generates $91,000 in gross annual rental income and 10% cap rate with upside potential through unit turnover, rental uplift and strategic upgrades. Currently 2 of the 5 units are vacant, including an upcoming vacancy at the end of June, giving buyers the rare opportunity to renovate and reposition immediately after closing. This property offers strong existing cash flow while providing clear potential to increase income over time. All units rents are all-inclusive for simplified management. Rear main floor tenant currently has use of the garage, included in rent. Potential to purchase the adjacent three unit property at 366 St. George as a package deal! A great opportunity to increase value and maximize long term returns. (id:31684)

Property Features
  • Cooling Information
    • None
  • Heating Information
    • Hot Water
Listing Courtesy: ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
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EXIT REALTY COMMUNITY, BROKERAGE
1323 Michigan Ave, Sarnia, ON N7S 4M6
Ken Patterson
License #: 4764511
Associate Broker
Office
519 542 1000
Agent
226 270 1234
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