FOR SALE
$849,900
158 Crater, Greater Sudbury, ON, P3E 5Y8
3+1
3
1500-2000
About the Property
This solid 4-plex located at 257 Oak Street features four spacious 2-bedroom units, all currently tenanted on plus-hydro leases with reliable tenants in place. The property includes an attached rear-access garage already generatingstorage income, along with three brand new basement storage units ready to rent as additional revenue streams.The roof was fully replaced in 2022, and the building runs on a gas boiler with a full-height walk-out basement. Withall appliances included, the property is turn-key for the next owner. Located in a downtown-adjacent pocket ofSudbury, walking distance to the core and transit at the door, tenant demand on this street has remainedconsistently strong.
Generating almost $90,000 in annu**INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**al gross revenue with an NOI of nearly $70,000 and a caprate over 8.5%, this is a strong-performing investment opportunity with built-in upside.
Property Details
MLS#:
X13247938
Status:
For Sale
Property Type:
Fourplex
Central A/C:
No
Bedrooms:
8
Heating Fuel:
Water
Bathrooms:
4
Heating Type:
Water
Parking:
1 Spot
Cross Street:
Oak Street and Alder Street
Basement:
Separate Entrance, Full
About the Property
This solid 4-plex located at 257 Oak Street features four spacious 2-bedroom units, all currently tenanted on plus-hydro leases with reliable tenants in place. The property includes an attached rear-access garage already generatingstorage income, along with three brand new basement storage units ready to rent as additional revenue streams.The roof was fully replaced in 2022, and the building runs on a gas boiler with a full-height walk-out basement. Withall appliances included, the property is turn-key for the next owner. Located in a downtown-adjacent pocket ofSudbury, walking distance to the core and transit at the door, tenant demand on this street has remainedconsistently strong.
Generating almost $90,000 in annu**INTERBOARD LISTING: SUDBURY REAL ESTATE BOARD**al gross revenue with an NOI of nearly $70,000 and a caprate over 8.5%, this is a strong-performing investment opportunity with built-in upside.
Property Details
MLS#:
X13247938
Status:
For Sale
Property Type:
Fourplex
Central A/C:
No
Bedrooms:
8
Heating Fuel:
Water
Bathrooms:
4
Heating Type:
Water
Parking:
1 Spot
Cross Street:
Oak Street and Alder Street
Basement:
Separate Entrance, Full
Maintenance:
Exterior:
Aluminum Siding, Brick
Possession Date:
Presented By:
SUTTON-BENCHMARK REALTY INC., BROKERAGE
Maintenance:
Exterior:
Aluminum Siding, Brick
Possession Date:
Presented By:
SUTTON-BENCHMARK REALTY INC., BROKERAGE