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X7348080
$2,700,000

44 Frood Rd (Frood Road & Beech St)

Price: $2,700,000

Status: For Sale 

MLS®#: X7348080

$2,700,000
  • Tax: $30,576.99/Annual (2023)
  • City:Sudbury Remote Area
  • Type:Commercial
  • Style:Investment
  • Size: 4,984 Sq Ft
  • Basement:Y
  • Age:51-99 Years Old

Features:

  • HeatingWater Radiators
  • Sewer/Water SystemsStorm, Municipal

Listing Contracted With: RE/MAX WEST REALTY INC.

Description

Super Rare, Turn Key 18-Plex Multi-Family Apartment Building Located In The Heart Of Downtown Sudbury. 18 Units Total Consisting Of 1 X Studio, 11 X 1 Bedroom, 6 X 2 Bedroom Units And Coin Laundry. Separate Hydro Meters. Over $1M Spent In Extensive Renovations Throughout Including New Boiler (2022) And New Roof,(2021) With 15 Year Warranty. Assumable $1.5M CMHC at 2.86%, 10 Year Term (Approx. 7 Years Remaining), 30 Year Amortization. 8% Cap.


Highlights

Potential For Upside On Market Rents, Potential For Billboard Roof Signage, Potential For Additional Storeys For Increased Density, Potential For A Redevelopment Site With Increased Density, Potential For Hotel Conversion.

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Paula Stamp

Sales Representative

RE/MAX West Realty Inc., Brokerage

Web4Realty

Real Estate Websites by Web4Realty

https://web4realty.com/