46 Neelon Avenue, Sudbury
$350,000
About this property
INVESTMENT OPPORTUNITY IN MINNOW LAKE! Solid brick duplex with a third unit, ideally situated on a quiet dead-end street. The property currently generates approximately $34,305 in gross annual rental income, with all three units tenanted and rents inclusive of utilities. Unit 1 is a 1-bedroom renting for $1,400/month, Unit 2 is a 2-bedroom renting for $793.78/month, and Unit 3 is a 2-bedroom renting for $665.05/month. Taxes are $4,940. With rents well below current market levels, this property offers excellent long-term upside for the right investor. Shingles have been updated. Some work and updating will be required. Older forced air gas furnace. Water heater is owned. Estate sale and being sold “as is”. Buyer to assume all existing tenants. A great opportunity to acquire a solid brick income property in a desirable Minnow Lake location and build value over time. (id:66939)
Property details
- Price
- $350,000
- Property type
- Multi-family
- Basement
- None
- MLS® number
- 2130304
Location
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Listing data is provided by the Canadian Real Estate Association (CREA) through the REALTOR.ca Data Distribution Facility (DDF®) and is deemed reliable but not guaranteed accurate. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Listings displayed may be held by brokerages other than Hamodi Realty / HomeLife Miracle Realty.