1316 Cumberland Street, Cornwall, ON K6J 4K7
- $499,900
- 6
- BD
- 4
- BA
- 1,500
- SqFt
- List Price
- $499,900
- MLS#
- X13769134
- Status
- ACTIVE
- Type
- Multifamily
- SubType
- Fourplex
- Style
- 2-Storey
- Bedrooms
- 6
- Bathrooms
- 4
- Living Area
- 1500-2000
- Province
- ON
- Municipality
- Cornwall
- Area
- Stormont, Dundas and Glengarry
- Neighborhood
- 717 - Cornwall
- Subdivision
- Cumberland And Thirteenth
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.
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Additional Information
- Taxes
- $3,169
- Heat Type
- Baseboard
- Heat Source
- Electric
- Air Conditioning
- None
- Kitchens
- 4
- Exterior
- Vinyl Siding
- Garage Type
- None
- Pool
- None
- Parking Spaces
- 4
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Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD..