For Sale: 46 Neelon Avenue, Greater Sudbury, ON - REW
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$350,000
0 bd • ba • 2000 - 2499 sf • Multifamily
46 Neelon Avenue
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$350,000
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46 Neelon AvenueGreater Sudbury, ON, P3B 3K1

  • 0 Bed
  • Bath
  • 2000 - 2499 Sqft
  • Multifamily

About this home

INVESTMENT OPPORTUNITY IN MINNOW LAKE! Solid brick duplex with a third unit, ideally situated on a quiet dead-end street. The property currently generates approximately $34,305 in gross annual rental income, with all three units tenanted and rents inclusive of utilities. Unit 1 is a 1-bedroom renting for $1,400/month, Unit 2 is a 2-bedroom renting for $793.78/month, and Unit 3 is a 2-bedroom renting for $665.05/month. Taxes are $4,940. With rents well below current market levels, this property offers excellent long-term upside for the right investor. Shingles have been updated. Some work and updating will be required. Older forced air gas furnace. Water heater is owned. Estate sale and being sold “as is”. Buyer to assume all existing tenants. A great opportunity to acquire a solid brick income property in a desirable Minnow Lake location and build value over time. (id:63626)
Listed by: LUKE SMITH, Broker of Record, JOHN E. SMITH REALTY SUDBURY LIMITED, BROKERAGE

Home facts and features

Price details
List Price
$350,000
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Home facts
Bedrooms
0
Full Bathrooms
Parking Details
Attached Garage
Property Type
Multifamily
Depth
Frontage
90.0 feet
Title
Freehold
Exterior Finish
Brick
Heating Type
Forced air
Agent details
Primary Agent
LUKE SMITH
Primary Broker
JOHN E. SMITH REALTY SUDBURY LIMITED, BROKERAGE
Secondary Agent
Secondary Broker
JOHN E. SMITH REALTY SUDBURY LIMITED, BROKERAGE
Listing details
Days on REW
1 Day
MLS® Number
2130304
Source
Canadian Real Estate Association
Board
Sudbury Real Estate Board
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25 Years
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3.99%

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Property Insights

Adamsdale Public School
  • Public
  • JK - 6
É Sép Saint-Pierre
  • Catholic
  • JK - 8
Pius XII Catholic School
  • Catholic
  • JK - 8
Westmount Avenue Public School
  • Public
  • JK - 5
École publique Jeanne-Sauvé
  • Public
  • JK - 6
Holy Trinity School
  • Catholic
  • JK - 6
Churchill School
  • Public
  • JK - 8
St Charles College
  • Catholic
  • 7 - 12
ÉS du Sacré-Coeur
  • Catholic
  • 9 - 12
Carl A Nesbitt Public School
  • Public
  • JK - 8
School catchments and distances are intended to be used as reference only. To verify enrolment eligibility for a property, contact the school directly.Report Incorrect Info
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Call Agent
Broker of Record
LUKE SMITH
Phone:
(705) 691-3694
Office:
705-674-5261
Broker
JOHN SMITH
Phone:
(705) 674-5261
Office:
705-674-5261
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