1590 Kelly Lake Road, Sudbury

$1,850,000

For sale: Multiplex

Multiplex at 1590 Kelly Lake Road, Sudbury
Property type
Multi-family
MLS®
MLS® 2130474

Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 39 years! There are ten 2-bedroom units and one 1-bedroom unit. All 2-bedroom units feature a walk-in-closet, pantry, and a spacious living and dining room. The 8 units on the second and third floors have a balcony, some overlooking Robinson Lake. All tenants pay their own heat and hydro, have access to a storage locker and a parking spot. The building has been extremely cared for over the years. Upgrades include but not limited to the 40-year shingles (2014), energy efficient doors (2008) and windows (2005), paved driveway and parking lot, fire suppression system (2012). The building has an improved cap rate of 6.29% and gross income over $178K! The current owners have treated the current tenants like family for all these years. This building is more than just numbers, it is an all brick and concrete building that will bring pride of ownership to the new investors for years to come. You Tube Video: https://www.youtube.com/watch?v=2RmRj8ypMPE

Schools

Schools in Sudbury

Sudbury has 32 Fraser Institute–rated schools (23 elementary and 9 secondary), averaging 5.8/10.

Rated schools
32
Elementary
23
Secondary
9
Average rating
5.8 / 10

Top-rated schools in Sudbury

  • R L Beattie — elementaryFraser rating 8.9/10
  • Lo-Ellen Park — secondaryFraser rating 8.6/10
  • Lasalle — elementaryFraser rating 8.4/10
  • Lockerby — secondaryFraser rating 8.3/10
  • St. Benedict — secondaryFraser rating 7.9/10
  • Hélène-Gravel — elementaryFraser rating 7.4/10

School ratings from the Fraser Institute's Ontario school report cards.

Currently for sale

Homes for sale near 1590 Kelly Lake Road