1316 CUMBERLAND STREET,Cornwall,Ontario,K6J4K7
For sale
$499,900
1316 CUMBERLAND STREET,Cornwall,Ontario,K6J4K7
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:63658)
PROPERTY SUMMARY
| MLS® # | : | X13769134 |
| Listing price | : | $499,900 |
| Listed on | : | 20-09-2026 |
| Property subtype | : | For sale |
| Square footage | : | 1500 sqft |
| Year built | : | 0000 |
| Listing office | : | RE/MAX AFFILIATES MARQUIS LTD. |
BEDROOM & BATHROOM
| Total bedrooms | : | 6 Bedrooms |
| Total bathrooms | : | 4 Bathrooms |
BUILDING
| Building type | : | |
| Parking | : | No Garage |