46 Neelon Avenue, Sudbury, Ontario P3B3K1

Property Description

INVESTMENT OPPORTUNITY IN MINNOW LAKE! Solid brick duplex with a third unit, ideally situated on a quiet dead-end street. The property currently generates approximately $34,305 in gross annual rental income, with all three units tenanted and rents inclusive of utilities. Unit 1 is a 1-bedroom renting for $1,400/month, Unit 2 is a 2-bedroom renting for $793.78/month, and Unit 3 is a 2-bedroom renting for $665.05/month. Taxes are $4,940. With rents well below current market levels, this property offers excellent long-term upside for the right investor. Shingles have been updated. Some work and updating will be required. Older forced air gas furnace. Water heater is owned. Estate sale and being sold “as is”. Buyer to assume all existing tenants. A great opportunity to acquire a solid brick income property in a desirable Minnow Lake location and build value over time. (id:5764)