1590 Kelly Lake Rd

For Sale New 8 hours
$1,899,900
beds
baths

1590 Kelly Lake Rd

For Sale New 8 hours
$1,899,900
beds
baths

Highlights

Key insights

Description

Great investment property in Sudbury’s South End location. This building has been meticulously maintained by the owners for over 37 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 6.52% and gross income over $158K! 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 (id:63267)

KEANDRA BEAUVAIS of RE/MAX CROWN REALTY (1989) INC., BROKERAGE (SUDBURY),
#2124668
updated 59 minutes ago.
Houseful checked MLS® for data 59 minutes ago.

Home overview

Amenities / Utilities
  • Heat type
    Baseboard heaters
  • Sewer/ septic
    Municipal sewage system
Exterior
  • # total stories
    3
  • Roof
    Unknown
Interior
  • Flooring
    Concrete, parquet, carpeted
Location
  • Directions
    1919877
Overview
  • Lot size (acres)
    0.0
  • Listing #
    2124668
  • Property sub type
    Multi-family
  • Status
    Active
SOA_HOUSEKEEPING_ATTRS
  • Listing source url
    Https://www.realtor.ca/real-estate/28853212/1590-kelly-lake-road-sudbury
  • Listing type identifier
    Idx

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The Home Overview listing data and Property Description above are provided by the Canadian Real Estate Association (CREA). All other information is provided by Houseful and its affiliates.
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$-5,066

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25 Years fixed, 20% down payment, % interest
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