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575-579 Ash and 48 Reginald Street, Sudbury, Ontario

575-579 Ash and 48 Reginald Street, Sudbury, Ontario (ID 2076123)

$2,495,000 - For Sale

ID#:2076123

Well maintained two all brick 12-plexes featuring 24 bachelor unitS as well as a duplex with one 3 bedroom unit and two 1 bedroom units which are always fully rented with multiple applications received within a 24 hour posting period. Features: fridges and stoves included in all units, 16 units fully renovated, 6 units upgraded, a newer secured building-surveilance camera system(2016), newer state of the art on demand heating unit (2016), newer galvanized emergency stairs on both buildings (2017), ample paved parking spaces (20), newer coin operated laundry rooms (2017), newer shingles at 48 Reginald St(2017). Net operating income of $167,000 year with a cap rate of 6.7%. An outstanding financial investment with low maintenance required. For further details please contact listing agent.

Property Details
  • Property Address:575-579 Ash and 48 Reginald Street, Sudbury, Ontario
  • Property Type:Multi Family
  • Sewage Type:Municipal
Structure Details for 575-579 Ash and 48 Reginald Street, Sudbury, Ontario
  • Structure Type:12+ Units
  • Heating Type:Boiler System, Natural Gas
  • Exterior Type:Brick
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575-579 Ash and 48 Reginald Street, Sudbury, Ontario

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