1316 Cumberland Street, Cornwall, Ontario K6J4K7
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD..
- $499,900
- 6
- BD
- 4
- BA
- List Price
- $499,900
- Status
- ACTIVE
- Days on Market
- 0
- MLS® #
- CornwallDistrictRealEstateBoard-X13769134
- Bedrooms
- 6
- Bathrooms
- 4
- Subdivision
- 717 - Cornwall
- Neighborhood
- 717 - Cornwall
- MLS Area Major
- 717 - Cornwall
Property Description
1316 Cumberland Street is a strong income producing fourplex bringing in approximately $53,556 in annual rental income with an estimated NOI of $38,488. At the current asking price, that works out to an impressive 7.7% cap rate and approximately 12% cash-on-cash ROI (Approx figures. Actual rates, expenses and returns may vary) Add in a metal roof and a ton of parking in the rear - a huge advantage for a multi-unit property, and you've got an investment built for strong cash flow today with long-term potential. Four units. Great income. High cash flow. This one deserves a spot in your portfolio. Reach out now for income/expense breakdown. (id:5764)
Additional Information
- Exterior Features
- Vinyl siding
- Taxes
- $3,169
- Community Features
- 717 - Cornwall
- Heating
- Baseboard heaters, Forced air, Electric, Natural gas
- Air Conditioning
- None
- Stories
- 2
- Foundation
- Concrete
- Parking Features
- No Garage
