Mallette Goring

Commercial Listing
Recent Mandate Sold
6 months ago
225
MLS#
2090788
TAX / CAM
13000
Zoning
R3

Listing Brokerage
Mallette-Goring Inc.
Status
Active
Commercial Property Type(s)
Multi-Unit Residential
Opportunity knocks with this money-making 10 unit apartment building which offers multiple streams of income and low overhead. The unit mix consists of three 3 bedroom units, four 2 bedroom units and two 1 bedroom units. Nine of the units have been tastefully renovated and modernized, which will ensure optimal income for many years to come. Unit 8 offers future development potential as it is currently a blank slate. Use your imagination and convert this 1,000 square feet space into a three bedroom unit for maximum rent potential. If this is not enough, how about converting the existing four garages (12 x 36) into further units or simply renting them out. Add laundry income and vending machine income to the mix and the bottom line is screaming cash flow. The boiler is only 3 years old and 12 separate hydro meters ensures control over the investment. A retrofit certificate will be provided. This building is sure to generate solid income from day one.
Location
505 Laforest Ave Sudbury
LOCATION INFO:
Geographic Area
Donovan/Flour Mill
Parking Spaces
5 Parking Spaces + 4 garages
Video Tour

Building Specs
Elevator Access
Wheelchair Accessible
Security System
Yes
Furnished
Municipal Water
Municipal Sewer
Building Age
1951
Electrical Service
Heating Type
Boiler
Foundation Type
Roof Type
Asphalt Shingles

Loading Info
Overhead Crane Type
Loading Door Type
Door Height
Ceiling Height


Financial Projections
Proj. Gross Income
187680
Proj. Expenses
60288
Proj. Net Income
127392
Additional Agents For This Listing:
Christian Lacelle

Sales Representative

christian@mgre.ca

705.507.0077

Brigitte Lacelle

Sales Representative

Mallete-Goring Inc.

705******* 705.507.3577