332 Burton Avenue, Sudbury, Ontario, P3C4K5

Property Description

Excellent investment opportunity in a high-demand rental area. This purpose-built 4-plex, constructed in 1994, offers strong and stable income with four self-contained units, each featuring private entrances and separate hydro meters. The building consists of one 2-bedroom unit renting for $970 per month and three 1-bedroom units renting for $835, $1,400, and $1,250 per month, plus an additional $200 per month from coin-operated laundry. The property generates a total monthly income of $4,655, providing positive cash flow with a 25% down payment. Well-maintained and located in an area with consistent tenant demand and low vacancy, this property is ideal for investors seeking a clean, reliable, and turn-key multi-residential asset. 332 Burton represents a rare opportunity to acquire a modern, income-producing building with proven financial performance (id:64974)

Quick Facts

• Property Type: Multi-family
• Bedrooms: None
• Bathrooms: None
• Ownership: Freehold

Listing Provided by: ROYAL LEPAGE NORTH HERITAGE REALTY, BROKERAGE
Board: Sudbury Real Estate Board
Data provided via CREA DDF®.