
Courtesy of: HEATHER OUDERKIRK, Broker, RE/MAX AFFILIATES MARQUIS LTD.
$499,900
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6 bed
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4.00 Bath
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Multi-family
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$499,900
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. (id:203)