257 Oak Street, Greater Sudbury, Ontario P3C 1N1
$765,000.00
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 ... read more
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:25417)
- Listing ID: 2128100
- Property Type: Multi-family
| Property | |
|---|---|
| Ownership: | Freehold |
| Land Size: | 117.0000 (Under 1/2 Acre) |
| Parking: | Gravel |
| Building | |
|---|---|
| HVAC: | Boiler and Fireplace |
| Exterior: | Aluminum Siding, Brick and Asphalt Shingle |
| Basement: | Full |
| Utilities: | Municipal Sewage System |
| Location | |
|---|---|
| City: | Greater Sudbury |
| Province: | Ontario |
| Nearby Amenities: | Hospital, Playground, Public Transit and Schools |
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