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107 Kingsmount Boulevard, Sudbury, Ontario, P3E1K8

107 Kingsmount Boulevard, Sudbury, Ontario (ID 2065467)
Representative
Jim Loney portrait
Jim Loney
Sales Representative
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-677-7105
Tel: 705-560-5650
Toll free: 800-601-8601

$1,050,000 - For sale

ID#:2065467

Turn-key Investment Opportunity in sought-after Kingsmount (old hospital area) location! 14 x 1BR apartments with great tenants. Building shows loads of charm and character, and the units have a functional layout with plenty of hardwood floors throughout. Separate hydro meters, boiler system, on-site parking and storage lockers for Tenant use. Very low historical vacancy in this building, strong demand for rental and shows pride of ownership. 2007 Retrofit available. Shows NET Operating Income of $68,335.33, which represents a 6.51% CAP Rate at the asking price. Pro-forma includes an allowance for vacancy, property management, repairs & maintenance, accounting/legal, snow/garbage disposal. Great value at $75k per door! (id:2471)

Property Details
  • Property Type:Other
  • Acreage:under 1/2 acre
  • Sewage Type:Municipal sewage system
  • Water Type:Municipal water
Structure Details
Representative
Jim Loney portrait
Jim Loney
Sales Representative
RE/MAX Crown Realty (1989) Inc. Brokerage - Sudbury
Cell: 705-677-7105
Tel: 705-560-5650
Tollfree: 800-601-8601
Request Information
Mortgage Calculator Inputs
Mortgage Calculator Results
Note: All calculations for informational purposes only, and should be verified.
Get Pre-Approved

Listing Office: MALLETTE-GORING INC., BROKERAGE

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