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$ 849,000
Est. payment /mo
Active
366-368 Pine Street Sudbury, ON P3C1X8
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2123273
Property Sub-Type Freehold
Source Sudbury Real Estate Board
Property Description
This fully rented, cash-flow-positive 6-unit all-brick apartment building offers immediate income with value-add potential. It includes two 2-bedroom units (with basements for future expansion) and four 1-bedroom units, with three units recently renovated featuring modern finishes and white cabinetry. Features include six hydro meters, two natural gas furnaces, and a paved driveway. Key upgrades include shingles (2022), fire-rated doors and windows, fire escape improvements and partial electrical updates with ESA certification, ensuring a well-maintained and compliant building. Situated on a 50' x 122' lot in an R2-3 zoned area, the property is municipally serviced and generates strong, stable rental income. With an 8.3% cap rate, this off-market opportunity offers a rare chance to acquire a turnkey, high-yield asset in Sudbury's growing market. (id:24570)
Location
State ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Private Pool No
Building
Story 3
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE