Last Sold Price
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Overview
Key Facts
Type Quadruplex
Levels Residential Income
Size -
Garage Yes
Taxes $3,169
Days Active 10
Lot Size
Approx. Age
MLS® Number X13769134
Property Address: 1316 Cumberland St, Cornwall, ON, K6J4K7
Average square foot calculated using Size range provided by listing agent.
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. (id:58753)Show Description
MLS® NumberX13769134
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
GarageYes
Approx. Age
BasementUnfinished, N/A
DrivewayNo Garage
Garage Spaces
HeatBaseboard heaters, Forced air, Electric, Natural gas
A/CNone
Extras
Price History
Appreciation
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Avg. Days Listed
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Today, For Sale for $499,900
For Sale · 9 days
$499,900
MLS® X13769134
10 days ago
Not Sold Yet
September 2026, For Sale for $499,900
For Sale · 9 days
$499,900
MLS® X13769134
10 days ago
Not Sold Yet
March 2021, Expired for $240,000
Expired · 81 days
$240,000
MLS® 1221280
6 years ago
Canceled on Mar 9, 2021
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