Vacant Legal Duplex in Sudbury at Off-Market Prices! 50-100K Below Comparables and Primed to Cash Flow: 386 Mabel Ave, Sudbury For Sale

Vacant Legal Duplex in Sudbury at Off-Market Prices! 50-100K Below Comparables and Primed to Cash Flow:  386 Mabel Ave, Sudbury  

✅ Wholesale Price: $310K (Or Best Offer)
✅ Estimated As-Is Value: ~$370K
✅ Estimated After Repair Value: ~$450K

Closing: June 27th, 2022

Take advantage of this undervalued Legal Duplex property in one of the hottest northern real estate markets in Ontario. Conveniently located with shopping and public transit nearby and walking distance to parks and greenspaces. This property is close to downtown Sudbury making access to the city a non-issue for your tenants. Properties that sell in this area are in high demand and with a vacancy rate lower than the national average finding yourself great tenants will be a breeze. Due to this property’s fantastic value, this property offers multiple exit strategies including Wholetail, FLIP, BRRRR, Short and Mid-term rental or BIG cash flow with new tenants. 386 Mabel Ave is ideal for Multi-Family/Buy and Hold Investors. Contact Peter today at 647 955 0843 to schedule a walkthrough, place an offer or learn more about this opportunity

Sudbury has a lot to offer potential landlords, with numerous short and long-term employment options in the rare metals sector it is a reliable cash flowing market. It is rare to be able to purchase a duplex here off-market, with bidding wars being the norm on these types of properties (see attached MLS listings in google drive for proof!). Recent comparable sales range from 360K to 500k+, with only the high end of that range being fully renovated and most properties selling with tenants. Our property is vacant with a quick close allowing you to start your renovations almost right away. Even with the recent market dip there is significant equity on the buy here; there are still deals to be had! Make sure to reach out as soon as possible to secure your next investment property.

Comparable Sales
🏷294 Mackenzie St- $420,000 (Sold March 2022)
🏷376 Laforest Av – $407,500 (Sold April 2022)
🏷374 Dupont St – $360,000 (Sold April 2022)

✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/386-mabel-ave-sudbury-11523656-price-reduction-and-booking-walkthroughs

Address:
Sudbury
Terms:
For Sale
Property Type:
Duplex

Call 647-955-0843 for more details