ACTIVE
See all 4 photosACTIVE · 60 days
$499,900See Homsy estimate →
1316 Cumberland StreetCornwall, Cornwall, ON K6J 4K7 · Sale · MLS® X13769134
6Bedrooms
4Bathrooms
1500-2000Sq ft
4Parking
$250–$333Per sq ft
About this home
The homeTaxes$3,169/yr
Price per sq ft$250–$333
PossessionFlexible
All listing details
- 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.
- Property type
- Fourplex
- Style
- 2-Storey
- Heating
- Baseboard
- Air conditioning
- None
- Basement
- Unfinished
- Garage
- None
- Parking spaces
- 4
- Central vac
- N
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The area
AreaUnavailablewalk to transit
Unavailablegrocery stores within 1 km
Unavailablepublic schools within 1 km
Unavailableparks within 1 km
Price & listing history
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Homsy estimate
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Cost to own
CostKnown monthly carrying costs
$264 / month
Property tax$264
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Sold nearby
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