Average square foot calculated using Size range provided by listing agent.
Description
34 Oxford Avenue, Sydney Mines Excellent Investment Opportunity – 5 Unit Income Property This well-maintained 5-unit building is a smart addition to any investment portfolio. Featuring all-electric units where tenants cover their own electrical costs, it provides a low-maintenance ownership experience. Recent upgrades include newer windows, flooring, paint and ample parking, contributing to the property's long-term value. Conveniently located within walking distance to schools, shops, grocery stores, gas stations, and food services, this property is attractive to a wide range of tenants. Currently, three units are occupied by working professionals, generating a gross annual income of $41, 400. Once fully rented, the projected yearly income increases to $60, 600, bringing it to a 12% cap rate, a rare find and a strong cash flow potential. Additional highlights include: A well-manicured yard, offering tenants outdoor space for relaxation A rear garage, ideal for owner use such as lawn, garden, or tool storage Don’t miss this turn-key opportunity to own a solid multi-unit property in a desirable area.Show Description
MLS® Number202517467
Laundry Level
Central VacNo
FireplaceNo
Acreage0.2059
Exterior
GarageYes
Approx. Age1912
BasementCrawl Space, Full, Partial, Unfinished
DrivewayGravel
Garage Spaces
HeatBaseboard
A/C
Heating Fuel
Extras
5 Fridges 5 Stoves 1 Washer 1 Dryer
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