440 McKim Street

Sudbury, Ontario, P3C2L6, Canada

$419,500

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.

Last updated on : Friday 20th of December 2024 08:46:04 AM

ADDRESS

Street : 440 McKim Street

City : Sudbury

Province : Ontario

Country : Canada

Postal Code : P3C2L6

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PROPERTY SUMMARY

Property ID : 2120192

Property Type : Multi-family

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