$599,000
362 St George Street
Sudbury, ON
About this property
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, 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:66946)
Features
Listing courtesy of ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.