339 ELM Street Sudbury

339 ELM Street, Sudbury, Ontario

$775,000

  • 11 Beds
  • 6 Baths
  • 4,500 Square Feet

Solid 6 unit building in the heart of Sudbury that has incredible cash flow and potential even in this market with the current interest rates! Currently fully lease (expect unit 2), this 5- 2 bedroom unit and 1 bachelor unit building has a cap rate of around 8.2%. Please see attached expense and financial sheet. Thousand spent on upgrades such as fully renovated unit 1, renovated unit 2, a newer roof from 2023, newer smoke detectors, appliances and more! Separate Hydro Meters With 5 Tenants Paying Their Own Hydro. 6 Surface rear Parking Spots At The Rear Of The Building. Excellent Prospect For Investors Seeking A Higher Cap Rate Than In The GTA. (id:23309)

  • Listing ID: 40587986
  • Property Type: Multi-family
  • Year Built: 1940

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Details

  • Amenities Nearby: Park, Public Transit, Schools
  • Community Features: Community Centre
  • Features: Laundry- Coin operated
  • Ownership: Freehold
  • Parking Spaces: 6
  • Transaction: For sale
  • Zoning Description: C2, R2-3, C2(103)

Building

  • BasementType: Full (Finished)
  • Basement Development: Finished
  • Constructed Date: 1940
  • Exterior Finish: Brick
  • Fireplace Present: False
  • Bathrooms (Total): 6
  • Heating: Radiant heat
  • Size Interior: 4500 sqft
  • Stories Total: 3
  • Utility Water: Municipal water

Land

  • Amenities: Park, Public Transit, Schools
  • Sewer: Municipal sewage system
  • Size Frontage: 44 ft
MLS®

Listing provided by RE/MAX Real Estate Centre Inc, Brokerage
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This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association. This property, located at 339 ELM Street in Sudbury Ontario, was last modified on June 25th, 2024. Contact the Bonnie & Ken Rossiter Team to schedule a viewing or to find other properties for sale in Sudbury.

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