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.
Features of 1316 Cumberland Street
| MLS® # | X13769134 |
|---|---|
| Price | $499,900 |
| Bedrooms | 6 |
| Bathrooms | 4.00 |
| Square Footage | 1500-2000 |
| Type | Residential Freehold |
| Sub-Type | Fourplex |
| Style | 2-Storey |
| Status | Active |
Community Information
| Address | 1316 Cumberland Street |
|---|---|
| Area | Stormont, Dundas and Glengarry |
| Subdivision | 717 - Cornwall |
| City | Cornwall |
| Province | ON |
| Postal Code | K6J 4K7 |
Amenities
| Parking Spaces | 4 |
|---|---|
| Garages | None |
| Is Waterfront | No |
| Pool | None |
Interior
| Heating | Baseboard |
|---|---|
| Cooling | None |
| Fireplace | No |
| Basement | Unfinished |
Exterior
| Exterior | Vinyl Siding |
|---|
Listing Details
| Office | RE/MAX AFFILIATES MARQUIS LTD. |
|---|