362 & 366 St George St

Sudbury, ON

Eight Units

8 x 2 Beds

1 Garage

INITIAL PRICE

$990,000

OBO

ACQUISITION CAP RATE

8.6%

CASH ON CASH RETURN

10.9%

CASHFLOW FIRST YEAR

$23,811

362 & 366 St George St

Sudbury, ON

Eight Units

8 x 2 Beds

1 Garage

INITIAL PRICE

$990,000

OBO

ACQUISITION CAP RATE

8.6%

CASH ON CASH RETURN

10.9%

CASHFLOW FIRST YEAR

$23,811

Offer Date

3

6

2

&

3

6

6

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g

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Property Features

This investment opportunity includes two adjacent properties, totaling eight units, which are being offered together as a package. These properties generate cash flow with an 8.5% cap rate upon acquisition, making them a solid option for investors interested in a long-term buy-and-hold strategy. With stable income generation and tenant occupancy, these units are well-positioned for gradual appreciation. As the market improves, there is significant potential for value-added enhancements, allowing for even higher returns in the future. This is ideal for investors seeking to secure cash flow while capitalizing on potential market growth later.

Property Features

This investment opportunity includes two adjacent properties, totaling eight units, which are being offered together as a package. These properties generate cash flow with an 8.5% cap rate upon acquisition, making them a solid option for investors interested in a long-term buy-and-hold strategy. With stable income generation and tenant occupancy, these units are well-positioned for gradual appreciation. As the market improves, there is significant potential for value-added enhancements, allowing for even higher returns in the future. This is ideal for investors seeking to secure cash flow while capitalizing on potential market growth later..

Year Built

362 - 1930 , 366 - 1938

Zoning

R2-3

Parking

9+

Foundation Type

Block

Electrical

Fuse Panel, Copper wiring

Furnace/Heat

Gas Furnace

Roof Age/Condition

Asphalt Shingles - Good Condition

Window Condition

Good Condition

Exterior Building

Brick and Aluminum Siding

Plumbing Type

PVC, PEX, Copper

Year Built

362 - 1930 , 366 - 1938

Zoning

R2-3

Parking

9+

Foundation Type

Block

Electrical

Fuse Panel, Copper Wiring

Furnace/Heat

Gas Furnace

Roof Age/Condition

Asphalt Shingles, Good Condition

Window Condition

Good Condition

Exterior Building

Brick and Aluminum Siding

Plumbing Type

PVC, PEX, Copper

Financials

Photo Gallery

The financial information provided is based on acquiring the property with a first mortgage, requiring a 20% down payment at a 6% interest rate and a 25-year amortization period. Please note that these financials may vary depending on the buyer's strategy. We strongly advise all buyers to conduct their due diligence when considering acquiring this property.

For more information, photos, due diligence and walkthroughs, get in touch with us!

Financials

The financial information provided is based on acquiring the property with a first mortgage, requiring a 20% down payment at a 6% interest rate and a 25-year amortization period. Please note that these financials may vary depending on the buyer's strategy. We strongly advise all buyers to conduct their due diligence when considering acquirinDividerg this property.

Photo Gallery

For more information, photos, due diligence and walkthroughs, get in touch with us!

Need Help With Financing?

We specialize in guiding buyers through various financing options, from traditional mortgages to private lenders and custom financing solutions designed to meet specific investment goals. Contact us to discover how Ap1 can assist you in securing the financing necessary to acquire your next investment property.

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Copyright 2024. All Right are Reserved. Ap1 Investments

Our company comprises professionals from the real estate industry and utilizes state-of-the-art systems.

Copyright 2024. All Right are Reserved. Ap1 Investments