$300,000 – $400,000 Fourplex For Sale

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For sale
$499,900
1316 CUMBERLAND STREET, Cornwall, Ontario

1316 Cumberland Street

Cornwall, Ontario

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:66888)

6 Bedroom 4 Bathroom 1,500 – 2,000 sqft

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