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$ 499,900
Est. payment | /mo
6 Beds
4 Baths
$ 499,900
Est. payment | /mo
6 Beds
4 Baths
Key Details
Property Type Multi-Family
Sub Type Fourplex
Listing Status Active
Purchase Type For Sale
Approx. Sqft 1500-2000
Subdivision 717 - Cornwall
MLS Listing ID X13769134
Style 2-Storey
Bedrooms 6
Annual Tax Amount $3,169
Tax Year 2026
Property Sub-Type Fourplex
Property 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.
Location
State ON
County Stormont, Dundas And Glengarry
Area Stormont, Dundas And Glengarry
Rooms
Family Room No
Basement Unfinished
Kitchen 4
Interior
Interior Features Other
Cooling None
Fireplace No
Heat Source Electric
Exterior
Pool None
Roof Type Metal
Lot Frontage 50.0
Lot Depth 100.0
Total Parking Spaces 4
Building
Foundation Concrete
Others
ParcelsYN No
Listed by RE/MAX AFFILIATES MARQUIS LTD.
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