$380,000 FOR SALE

Investment

Lot: 50 x 97 ftTotal Area: 4,811 ft2
2024 Taxes: $3,920

254 Mountain St
Greater Sudbury, ON P3B 2T7 | Remote Area | Greater Sudbur

Cash Flowing, Full Rented, 4 Unit- Detached Building, Maintenance Free, R2-3 Zoning. Each unit with separate entrances/door, Loads of parking and room for a garage at the rear. Gas forced Air Heat, Upgraded electrical, New Roof (2016), Front Deck and common area/foyer. Gross Rent $3100 with 3 long term tenants, Potential Rent $45k. 30 Hr Notice required for viewings, Weekend viewings after 10:00am. Deposit Min. $7k. Turn Key Property, all 1 Bedrm Units, Market rent $1k+ per month ($3800/mth), Seller willing to hold VTB Current Cap Rate over 6%, Fully unfurnished large basement available pot. Rental.

Extras
30 Hr Notice for Showings- Tenants, Only after 10:00am

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Listed By CENTURY 21 HERITAGE GROUP LTD.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9351055
Last Updated Oct 11, 2024
Property Summary
Property Type Investment

More like this:
Use Apartments - 2 to 5 Units
Category Apartment
PIN 021320271
Legal Description PCL 3639 SEC SES LOT 40, PLAN M55A
Occupancy Tenant
Possession Date Immediately
Taxes (2024) $3,920
Tax Type Annual
Directions/Cross Streets WEST
Neighbourhood Remote Area
Area Greater Sudbur
Price History
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Detailed Information
Freestanding Y
Lot 50 x 97 ft
Office/Apt Area 2,800 ft2
Total Area 4,811 ft2
Approximate Age 51-99
Elevator None
Air Conditioning N
Basement Y
Chattels Y
Garage Type None
LLBO N
Heat Type Gas Forced Air Open
Financial Statement N
Gross Income/Sales $37,300
Net Income Before Debt $24,000
Hydro Expense $3,900
Water Expense $1,400
Heat Expenses $3,800
Insurance Expense $2,500
Taxes Expense $3,920
Year Expenses $2,024
Expenses Actual/Estimated Est
Sprinklers Part
Sewers Sanitary
Utilities Y
Water Municipal
Rail N
Lot/Bldg/Unit Code Lot
Zoning R2-3
Seller Property Info Statement N

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