1 of 4 - 1316 Cumberland Street, Cornwall, Ontario
2 of 4 - 1316 Cumberland Street, Cornwall, Ontario
3 of 4 - 1316 Cumberland Street, Cornwall, Ontario
4 of 4 - 1316 Cumberland Street, Cornwall, Ontario
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1316 Cumberland Street, Cornwall, Ontario

$499,900

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6

Beds

4

Baths

About 1316 Cumberland Street

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:6289)

Features of 1316 Cumberland Street

Listing # X13769134
Price $499,900
Bedrooms 6
Bathrooms 4.00
Type Multi-family
Sub-Type Fourplex

Community Information

Address 1316 Cumberland Street
Subdivision 717 - Cornwall
City Cornwall
Province Ontario
Postal Code K6J4K7

Amenities

Parking Spaces 4
Parking No Garage
Garages No Garage
Is Waterfront No
Has Pool No

Interior

Heating Baseboard heaters, Forced air, Electric, Natural gas
Cooling None
Fireplace No
# of Stories 2
Has Basement No
Basement Unfinished, N/A

Exterior

Exterior Vinyl siding
Lot Description 50 x 100 FT
Foundation Concrete

Listing Details

OfficeRE/MAX AFFILIATES MARQUIS LTD.

Listing Map

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