For Sale: 107 Kingsmount Blvd

Turn-key Investment Opportunity in sought-after Kingsmount (old hospital area) location!  14 x 1BR apartments with great tenants.  Building shows loads of charm and character, and the units have a functional layout with plenty of hardwood floors throughout.  Separate hydro meters, boiler system, on-site parking and storage lockers for Tenant use.  Very low historical vacancy in this building, strong demand for rental and shows pride of ownership.  2007 Retrofit available.  Shows NET Operating Income of $68,335.33, which represents a 6.51% CAP Rate at the asking price.  Pro-forma includes an allowance for vacancy, property management, repairs & maintenance, accounting/legal, snow/garbage disposal.  Great value at $75k per door!

Listing ID: MLS#2065467
Asking Price: $1,050,000
Taxes / CAM: $21,239 (2018)
Zoning: R1-5 (LNC)
Square Footage: 14 units sq ft
October 10, 2018

Location:

© 2018Greater Sudbury Commercial Real Estate – Chris Tammi (Broker) – Mallette-Goring Inc., Brokerage
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