387 Melvin Avenue, Greater Sudbury, Ontario P3C 4X2 (22507530)


387 Melvin Avenue Greater Sudbury, Ontario P3C 4X2

Baseboard Heaters


Well maintained turn-key 3 unit income property located in a convenient location within walking distance to downtown, this money make has an annual rental income of $30,600 and a Net operating income of $20,627.04. This turn-key 3 unit building features a 2 bedroom unit (VACANT) was rented at $1100/month, bachelor unit rented at $650/month, and a 1 bedroom unit rented at $800/month. There are 4 separate meters, laundry, 3 storage lockers, and ample parking. Rent Roll Unit #1-2 Bed VACANT NOW was $1100 inclusive x12=$13,200 Unit #2-Bachelor $650 inclusive x12=$7800 Unit #3-1Bed $800 inclusive x12=$9600 Total Income $30,600 Expenses: Utilities $5257.46 Property Taxes 2019 $2576.58 Insurance $2138.00 Total Expenses $9972.04 Income $20,627.04 (id:3334)

Property Details

MLS® Number 2090112
Property Type Multi-family
Equipment Type Water Heater - Gas
Rental Equipment Type Water Heater - Gas
Storage Type Storage In Basement


Basement Type Full
Foundation Type Block
Heating Type Baseboard Heaters
Roof Material Asphalt Shingle
Roof Style Unknown
Stories Total 1
Utility Water Municipal Water




Acreage No
Sewer Municipal Sewage System
Size Total Text Under 1/2 Acre
Zoning Description R2-3


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