$499,900
1316 CUMBERLAND STREET
Cornwall, ON
About this property
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:66946)
Features
Listing courtesy of RE/MAX AFFILIATES MARQUIS LTD.. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.