Introducing an Exciting Investment Opportunity in Downtown Sudbury!
Welcome to an exceptional investment opportunity nestled in the heart of downtown Sudbury, surrounded by the vibrant energy of 5 esteemed colleges and universities, including the prestigious University of Sudbury. This property boasts not one but two buildings, each offering unique income streams and tremendous potential for savvy investors.
The first building is a charming detached house spanning approximately 2, 000 square feet. It features a total of five meticulously designed bedroom suites spread across the first floor, second floor, and basement. Each suite is thoughtfully equipped with its own bathroom and kitchen, providing residents with utmost comfort and convenience. Currently, all suites have been successfully rented out, generating an impressive annual rental income of approximately $42, 240.
The second building, encompassing approximately 900 square feet, houses a bustling convenience store alongside its very own one-bedroom suite. The store thrives with weekly sales averaging an impressive $5, 500, with a strategic sales mix of 40% from cigarettes and 60% from groceries. The store's additional revenue streams, including an annual lottery income of $17, 000 and other income totaling about $14, 400 per year, contribute significantly to its robust annual profit of approximately $100, 000.
This investment opportunity stands out not only due to its lucrative income potential but also its strategic location and high rental demand. With the bustling downtown Sudbury as its backdrop and a thriving academic community as its neighbors, this property promises an excellent return on investment. Don't miss out on this chance to be part of a dynamic and profitable venture in one of Sudbury's most sought-after locations!
All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.