NEW DEAL! Vacant and Renovated! 50K+ Below Value and Primed to Cash Flow: 377 Donovan St, Sudbury For Sale

NEW DEAL! Vacant and Renovated! 50K+ Below Value and Primed to Cash Flow: 377 Donovan St, Sudbury  

Wholesale Price: $305K (Or Best Offer)
✅ Estimated As-Is Value: ~$360K
✅ Estimated After Repair Value: ~$400K

Closing: June 30, 2022

Take advantage of this undervalued Duplex property in one of the hottest northern real estate markets in Ontario. 377 Donovan is a Duplex that is currently Vacant. Full lipstick renovation has already occurred and this home is turnkey, ready to cash flow, and only minor renovations are needed on the upper unit to bring it near its ARV. 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, 377 Donovan St is ideal for Multi-Family/Buy and Hold Investors or a longer term BRRRR. Contact Peter today at 647 955 0843 to schedule a walkthrough, place an offer or learn more about this opportunity.

377 Donovan is a 1.5 storey Duplex. The Main floor/lower unit features 2 Bedrooms and 1 bathroom. It has been fully renovated, with a huge kitchen, living area, bathroom, and master bedroom on the ground floor plus 1 bedroom in the otherwise unfinished basement which offers laundry and tons of potential storage/rec space. The Upper floor is a spacious 1 bedroom apartment, with new laminate flooring throughout. The bathroom could use an upgrade, and installing stackable laundry will help you increase rents, but honestly it can be rented out as-is! Overall, the property is in excellent condition. There is no junk hanging around, and the foundation has been protected with both weeping tiles and blueskin as recent exterior upgrades. There are 2 separate hydro meters, allowing you to pass electrical bills on to the tenants.

Comparable Sales
🏷 414 Elm St – $410,100 (Sold March 2022)
🏷 33 Beatty St – $295,000 (Sold May 2022)
🏷 422 Elm St – $350,000 (Sold March 2022)
🏷  328 Poplar St – $325,000 (Sold March 2022)

✨For full information, videos, and photos check out the link below:
https://mailchi.mp/ontariopropertydeals/377-donovan-st-sudbury

Address:
Sudbury
Terms:
For Sale
Property Type:
Duplex

Call 647-955-0843 for more details