1316 CUMBERLAND STREET
Cornwall, Ontario
MLS® X13769134
$499,900
- Status
- Active
- Property type
- Multi-family
- MLS® number
- X13769134
- Bedrooms
- 6
- Bathrooms
- 4
- Year built
- —
1 / 4Listing 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 summary
- MLS® number
- X13769134
- Property type
- Multi-family
- Building type
- Fourplex
- Land size
- 50 x 100 FT
- Annual property taxes
- $3,169.00
- Parking
- 4 spaces · No Garage
- Days on market
- 6 days
Features & details
- Heating
- Baseboard heaters, Forced air, Electric, Natural gas
- Cooling
- None
- Basement
- Unfinished, N/A
- Exterior features
- Vinyl siding
What would this home cost you?
Based on the $499,900 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD., CORNWALL.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.