Turn-Key Sudbury 9plex Looking for a New Owner! Only $105K/Unit and Cash Flow Ready: 381 Leslie St, Sudbury
✅ Wholesale Price: $930K (Or Best Offer)
✅ Estimated As-Is Value: ~$1M
✅ Estimated After Repair Value: ~$1.3M
✨Closing: June 3rd, 2022
Take advantage of this deal to purchase an undervalued multi-family property with NO bidding wars in one of the strongest cash flowing real estate markets in Canada. 381 Leslie St is centrally located in the Flour Mill neighborhood of Sudbury, close to shops, restaurants, transit, and all modern amenities. Very rarely do you ever see Sudbury multi-family properties like this available off market. Recent comparables have been selling between 125K-140K/unit (tenanted, with undermarket rent), meaning there is instant equity here on the purchase. With tons of upside potential, investors do not want to miss out their chance to BRRRR, wholetail, flip or cash-flow with this highly lucrative property. Call up the buds, let’s do a JV! Check out the pics and financials attached and contact Peter today at 647 955 0843 to place an offer, book a walkthrough or learn more about this opportunity.
This property consists of 9 legal residential units: 3 x 3 bed, 2 x 2 bed, 2 x 1 bed, and 2 x bachelor. The stucco and brick building is in outstanding shape, and should require very limited upkeep, keeping expenses low. Currently 8 of 9 units are rented from good paying tenants, some at below market. One unit is vacant meaning you can start on upgrades immediately. Once all units are turned over, total potential rents are over $11,000/mo, allowing for large upside as current rents are at ~$7400/mo (with one vacant unit). Coin laundry is installed, providing another source of income.
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✨For full information, videos, and photos check out the link below: