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440 McKim Street Sudbury, ON P3C2L6
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Key Details
Property Type Multi-Family
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 2120192
Originating Board Sudbury Real Estate Board
Property Description
Top shape and now vacant Triplex with Two 2-bedrooms, and One 1-bedroom units with a common area featuring coin laundry with inside access to all units. There is plenty of tenant storage, and many newer upgrades including over $100,000 in upgrades in the lower unit #1 including: walls, ceiling, insulation, drywall, paint, trim, flooring, bath, kitchen as well as plumbing, and wiring. Unit #2 (Upper front) - entrance from McKim St. 2 Good sized bedrooms, upscale hardwood kitchen cabinets, plenty of storage, fridge, and stove. Unit #3 (Upper rear)- Enterance from McKim St. A larger one bedroom with a large custom kitchen with fridge, stove, and dishwasher. Storage located in the laundry room area. The Upper units are on a common hydro meter and lower unit has its own meter. Upgraded windows throughout, great heating system, 6 Parking spots and more if needed. Shed is currently used for off-season tire storage. This is a nice investment with a good returns. Expenses for 2023: Natural Gas $2063.84 Insurance $1250.00 GSU $4208.00 (Separate wiring and meter for unit1 have just been completed.) Income: Market Rents for Unit #1: $2000 + Hydro Unit #2 $2000 (Including Hydro) Unit #3 $1500 (Including Hydro) Estimate of Gross Income: $66,000 (subtracting fixed expenses) = $58,478 Net before mortgage. (id:24570)
Location
Province ON
Interior
Heating Boiler, Hot Water
Flooring Laminate
Exterior
Parking Features No
View Y/N No
Roof Type Unknown
Private Pool No
Building
Story 1
Sewer Municipal sewage system
Others
Ownership Freehold
Listed by COLDWELL BANKER - CHARLES MARSH REAL ESTATE, BROKERAGE