1316 Cumberland Street Cornwall, Ontario K6J 4K7

6 Bedroom 4 Bathroom 1,500 - 2,000 sqft
None Baseboard Heaters, Forced Air

$499,900

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:15069)

Property Details

MLS® Number X13769134
Property Type Multi-family
Community Name 717 - Cornwall
Parking Space Total 4

Building

Bathroom Total 4
Bedrooms Above Ground 6
Bedrooms Total 6
Basement Development Unfinished
Basement Type N/a (unfinished)
Cooling Type None
Exterior Finish Vinyl Siding
Foundation Type Concrete
Heating Fuel Electric, Natural Gas
Heating Type Baseboard Heaters, Forced Air
Stories Total 2
Size Interior 1,500 - 2,000 Sqft
Type Fourplex
Utility Water Municipal Water

Parking

No Garage

Land

Acreage No
Sewer Sanitary Sewer
Size Depth 100 Ft
Size Frontage 50 Ft
Size Irregular 50 X 100 Ft
Size Total Text 50 X 100 Ft

https://www.realtor.ca/real-estate/30262111/1316-cumberland-street-cornwall-717-cornwall

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