Property Address: 740 Martindale Rd, Sudbury, ON, P3E4H7
Average square foot calculated using Size range provided by listing agent.
Description
Welcome to 740 Martindale Road, located in Sudbury’s desirable West End. This solid duplex offers roughly 6% Cap Rate and is well-suited for both new and seasoned investors. The upper unit features 2 bedrooms and 1 bathroom and is currently rented for $1, 691 + hydro. The main-floor unit offers 3 bedrooms, 1 bathroom, 2 separate entrances, currently rented for $1, 470 all-inclusive. Both units provide strong rental demand with the opportunity to increase value and rents through future updates when turnover occurs. The basement includes shared laundry, storage space, a gas furnace, and two electrical panels. With approximately 795 sq. Ft., the basement offers potential for additional development, featuring two rooms with windows in place and an existing 3-piece bathroom. Outside, the partially fenced backyard provides a comfortable outdoor space for tenants in this family-friendly neighbourhood. A great opportunity to expand or start your investment portfolio with a well-located income-generating property. (id:58753)Show Description