Space
Finished area and layout
- Square Feet
- 1,500-2,000 sqft
- Bedrooms
- 6
- Bathrooms
- 4
Property Snapshot
MLS #X13769134
Finished area and layout
Type, style and structure
This 6-bedroom, 4-bathroom fourplex in Cornwall offers 1,500-2,000 sqft of square feet on a 50 x 100 FT lot. 2 storeys. The home features none, a unfinished basement. Highlights include a none pool.
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:60351)
Just north of Thirteenth street on Cumberland.
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Land, frontage and setting
Price, taxes and monthly charges
Listed by HEATHER OUDERKIRK, RE/MAX AFFILIATES MARQUIS LTD.
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Listed by HEATHER OUDERKIRK, RE/MAX AFFILIATES MARQUIS LTD. · MLS# X13769134
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