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For Sale
$765,000
MLS® 2128100
257 Oak Street
Sudbury, Ontario, P3C1N1
- Property type
- Multi-family
- Building
- Multi-family
- Lot size
- 117 117
- Ownership
- Freehold
Property facts
- Property type
- Multi-family
- Building
- Multi-family
- Transaction
- For Sale
- Lot size
- 117 117
- Ownership
- Freehold
About this property
This solid 4-plex located at 257 Oak Street features four spacious 2-bedroom units, TWO CURRENTLY VACANT and two tenanted on plus-hydro leases with reliable tenants in place. The property includes an attached rear-access garage already generating storage 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. With all appliances included, the property is turn-key for the next owner. Located in a downtown-adjacent pocket of Sudbury, walking distance to the core and transit at the door, tenant demand on this street has remained consistently strong. Generating $90,000 in annual gross revenue with an NOI of $69,000, this is a strong-performing investment opportunity with built-in upside. (id:53361)
Features & details
- Roof
- Asphalt shingle, Unknown
- Sewer
- Municipal sewage system
- Water
- Municipal water
- Heating
- Boiler
- Parking
- Gravel
- Basement
- Full
- Exterior
- Brick, Aluminum siding
- Flooring
- Laminate, Linoleum, Vinyl
- Fireplace
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Location
257 Oak Street, Sudbury, Ontario, P3C1N1
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