An accessible entry point into multifamily ownership! Centrally located, 346–348–350 Kathleen Street offers an entry-level triplex generating a 12.61% capitalization rate. Priced right, this property presents an opportunity for investors and buyers looking to make their first home purchase work harder. The vacant two-bedroom unit allows a buyer to move in and benefit from rental income from the other two units to help offset ownership costs. For BRRR investors, there is potential to build equity through strategic improvements, strengthen rental income and explore refinancing as value is added. Whether you’re starting your investment portfolio or purchasing a home with additional income, this triplex is worth a closer look. (id:4069)
Address
346 348 350 Kathleen Street
List Price
$225,000
Property Type
Multi-family
Transaction Type
Sale
Area
Ontario
Sub-Area
Sudbury
Frontage Length
33 ft
MLS® Number
2131153
Listing Brokerage
REALTY EXECUTIVES OF SUDBURY LTD, BROKERAGE
Basement Area
Partial
Postal Code
P3C2M2
Zoning
R2-3
Ownership
Freehold
Site Influences
Public Transit, Schools, Shopping
Heat Type
Other, Baseboard heaters
Cooling Features
None
Foundation Details
Poured Concrete
Water Source
Municipal water
Access To Property
Year-round access
Sewer
Municipal sewage system
