Realestate

Property Details

1 of 4
$499,900
1316 Cumberland Street, Cornwall, ON K6J 4K7
6
4
MLS®X13769134
Property Type
Residential Freehold
Sub Type
Fourplex
Heating
Baseboard
Cooling
None
Lot Size
100 x 50 Feet
Approx Age
N/A
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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