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If you are looking to buy a business or sell a business, GlobalBX can help you. GlobalBX is a free business for sale listing exchange that provides a confidential forum to facilitate the buying and selling of businesses with thousands of businesses and franchises for sale as well as comprehensive business information for business buyers and business sellers. Buy a business, sell a business, find a franchise for sale or franchise opportunity at GlobalBX. Click Here to access GlobalBX's full site.

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38 Plex 6 Commercial Units Sudbury For Sale

Location  Ontario,Canada
Asking Price Range  $1.0M - $2.5M
Gross Revenues  $355560
Net Profit / Cash Flow  $234545
Cash Flow Type  Sellers Discretionary Cash
Seller Finance  Yes
Year Established  1990
Number of Employees  1 - 3
Relocatable  No
Number of Employees  1 - 3
Real Estate  Owned
Description  38 plex with 6 commercial units on hwy 55 in Sudbury Good upside, location allows for 6 good commercial tenants ie. Canada Trust, Thrifty car rental, Baskin Robins, Pizza Pizza etc. High traffic area, highway 55. C2 commercial zoning. List of permitted commercial uses available. Lot size 0.9 acre. Sudbury has 2% vacancy, average rents are 1 bedrooms $800, 2 bedrooms $850 per month. Currently all units are vacant, building is ready for renovations. PROJECTED income and expenses: 28 one bedroom apartments $18,620 2 two bedrooms apartments $1,590 2 bachelors $1,190 5 commercial units $7,500 Laundry $730 Total income $29,630 per month or $355,560 per year Expenses: Gas $23,401 Hydro and water $32,565 Taxes $30,905 Insurance $3,254 Maintenance $15,000 Superintendent $15,000 Total expenses $121,015 Total PROJECTED net income $234,545 List of comparable properties and Sudbury rental market report from CMHC is available. Property taxes $8,500. Asking price $899,000 REDUCED negotiable ($600k ?) Seller can hold 1st or 2nd mortgage with 15% cash down. I can help you to secure financing ... If you are not fully qualified to borrow from an institution, we have OVER 200 PRIVATE LENDERS many of which will provide you with first, second, and third mortgages ... EVEN IF YOU HAVE ... HORRIBLE CREDIT, Bankruptcy, Mortgage Arrears, Tax Arrears, Power of Sale, UNEMPLOYMENT, Self-Employment, Pension Income, Disability Income. Mortgage Broker License # M08005302 with Centum FundSource Financial in Markham, ON Andrew Sobczak Broker of Record On Georgian Bay Real Estate Inc. Real Estate Brokerage RR2, Box 174, Victoria Harbour, ON, L0K 2A0 phone 705 543 1341
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