362 St George Street, Sudbury

$599,000

For sale: Multiplex

Multiplex at 362 St George Street, Sudbury
Property type
Multi-family
MLS®
MLS® 2127819

Excellent value-add 5-plex opportunity for the savvy investor. This income-producing property generates $91,000 in gross annual rental income and 10% cap rate with upside potential through unit turnover, rental uplift and strategic upgrades. Currently 2 of the 5 units are vacant, giving buyers the rare opportunity to renovate and reposition immediately after closing. This property offers strong existing cash flow while providing clear potential to increase income over time. All units rents are all-inclusive for simplified management. Rear main floor tenant currently has use of the garage, included in rent. Potential to purchase the adjacent three unit property at 366 St. George as a package deal! A great opportunity to increase value and maximize long term returns.

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 362 St George Street