339 Queen Street, Greater Sudbury, Ontario

$599,900

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About 339 Queen Street

Exceptional Investment Opportunity - well-maintained fourplex that boasts a 7% CAP RATE. This property features a diverse mix of units, including a 3-bedroom unit, two 2-bedroom units, and a 1-bedroom unit, catering to a wide range of tenants. Each unit has its own separate entrance, ensuring privacy and convenience for all residents. The property is equipped with five separate hydro meters, allowing tenants to have individual control of heat. A new gas hot water boiler has been installed, further enhancing the appeal of this investment. Here's a brief overview of the units: - Unit 1: A spacious 3-bedroom unit, currently rented for $2200/month plus hydro. - Unit 2: A cosy1-bedroom unit, currently rented for $1250/month plus hydro. - Unit 3: Another 2-bedroom unit, currently rented for $787/month, inclusive of utilities. The tenant maintains the grounds, including snow removal, grass cutting, and general repairs, in exchange for a reduction in rent. - Unit 4: A spacious 2-bedroom unit, currently rented for $1000/month, all-inclusive. All tenants are comparative and consistently pay their rent on time, contributing to the stability of your investment. This fourplex represents a fantastic investment opportunity, combining reliable cash flow with the potential for capital appreciation. Don't miss out on this chance to add a high-performing asset to your portfolio.showing are every Tuesday and Thursdays 1pm to 8pm (id:6289)

Features of 339 Queen Street

Listing # 2116549
Price $599,900
Bathrooms 0.00
Type Multi-family
Sub-Type Freehold

Community Information

Address 339 Queen Street
City Greater Sudbury
Province Ontario
Postal Code P3B2K3

Amenities

Parking Parking Space(s)
Is Waterfront No
Has Pool No

Interior

Fireplace No
# of Stories 2
Has Basement No

Exterior

Exterior Vinyl siding
Roof Asphalt shingle
Foundation Block

Listing Details

OfficeROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE

Listing Map

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