825 Downland Avenue

825 Downland Avenue

Sudbury, Ontario, P3A3L9, Canada

$379,900

Building type: House
Building style: Bungalow
Bathrooms: 2
Bedrooms: 2
Parking Type: Gravel
Heating Type / Fuel: Forced air
Basement / Features / Type: / / Full
Exterior: Brick
Fireplace: 1 / Wood (Conventional)
Water: Municipal water

Property Description

Must see all brick well maintained 2 unit income property located in a desirable New Sudbury location, This home has an in-law suite,annual rental income of $34, 800a Net operating income of $25, 589.47 thats almost a 7% cap rate in New Sudbury! This updated home features a renovated spacious open concept 2 bedroom main floor unit, that is currently rented for $1650/month, The lower level open concept 2 bedroom unit is currently rented at $1250/month, will be vacant December 1st. The property features 2 driveways, large 28x18 insulated detached garage, carport, separate entrances to both units, separate laundry,newer high efficiency gas furnace. Rent Roll unit#1-2 bed $1650 inclusive x 12= $19, 800 unit#2-2 bed $1250+inclusive x12= $15, 000 Total Income $34, 800 Expenses: Greater Sudbury Utilities $2948.22 Union Gas $648.28 Reliance hot water rental $234.24 Property Taxes 2020 $3, 655.99 Insurance $1723.80 Total Expenses $9, 210.53 Net Operating Income $25, 589.47 almost a 7% cap rate!

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