Calling all investors and house-hackers! This legal nonconforming 3-unit bungalow in the bustling core of Chelmsford is a rare find, offering above an 8% cap rate. Generating a gross annual income of about $57,600 and a Net Operating Income of around $44,679, this meticulously maintained 1958 property is fully tenanted by reliable, long-term renters who treat the home with care. Offering 1,320 sq. ft. of above-grade living space and a fully finished 1,320 sq. ft. lower level, the property provides a proven layout for strong rental income. It features an attached garage, a convenient carport for tenant parking, and numerous recent updates (full list available through your realtor). Outside, a fully fenced backyard offers a secure, private space perfect for summer BBQs and cozy evening fires. Situated in a highly walkable location that guarantees low vacancy rates, the property provides residents with immediate access to public transit, commercial services, schools, shopping. Unit 1 can be vacant upon closing (Main Floor, 2 Bed / 1 Bath): A sprawling suite featuring a spacious living room, a large eat-in kitchen, and convenient side-entrance access to the basement. Currently rented at $1,900/month (inclusive). Unit 2 (Main Floor, 1 Bed / 1 Bath): A cozy, highly rentable suite perfectly sized for a single professional or a couple. Currently rented at $1,100/month (inclusive). Unit 3 can be vacant upon closing (Lower Level, 1 Large Bed / 1 Bath): A bright and inviting basement suite showcasing an open-concept kitchen and living area, plus a generously sized bedroom. Currently rented at $1,800/month (inclusive). Whether you are looking to add a reliable, high-performing multi-family property to your investment portfolio or hoping to live in one unit while the others pay your mortgage, this property offers exceptional income potential. Book your showing today! (id:66096)
Property Details
MLS®
2131195
Property Type
Multi-family
Zoning
R1-5 LNC
Frontage
66 ft
Units
3
Basement
Full
Heating
Forced air
Cooling
None
Garage
Garage, Carport
Ownership
Freehold
Listed
Today
Features
Foundation
Block
Exterior
Brick, Vinyl siding
Services
Water
Municipal water
Sewer
Municipal sewage system
Features and services as supplied by the listing brokerage.
Market Timing
Days on market
0d
Greater Sudbury listings, avg age
65d
List price
$535K
Just listed: 0 days on market, against an average age of 65 days across the listings currently for sale in this city
Market timing · days on market0 → 65d avg age of current listings
Just listed · day 0
Homes here sell faster than most markets
Sold homes in this market spent an average of 26 days on the market over the past year, against a median of 48 days across the markets we publish.
Homes here sell close to asking price
Homes in this market sold for an average of 97.8 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
Haho
This multi-family in Greater Sudbury has been listed for 0 days, which is 65 days fresher than the city average of 65. Act while there is still low competition.
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