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502 MARLBOROUGH STREET
Cornwall Ontario K6H4A7 Canada

$339,000

Active Listing ID 1387133
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Multi-family

$339,000

Active Listing ID 1387133
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502 MARLBOROUGH STREET Just reduced to $339, 000 - Cap Rate now at 8.17% !!! Fantastic Duplex Opportunity! This well-maintained side-by-side duplex features two-storey units, each comprising 2 beds and 1 bath. One unit is currently owner-occupied and will be vacant upon possession. Heated with forced air gas, the rented side is heated with a gas space heater. Ideal for investors or owner-occupiers, the property offers a shared shed behind paved parking. The tenant in one unit pays $955 all-inclusive with last month's rent on hand. The owner's unit could rent for $2000 per month + utilities, yielding a net cash flow of almost $28, 000 and a cap rate of 8.17% Roof & Windows replaced in 2018 (as per prev owner) Hot Water Tanks (2) 2017 Whether you're expanding your investment portfolio or seeking assistance with mortgage expenses as a first-time homebuyer, this duplex is a perfect choice. (id:203)

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Property Features

  • Facts
  • Property Sub-type: Multi-family
  • Features
  • Cooling System: None
  • Exterior Finish: Vinyl, Siding
  • Floor Covering: Laminate
  • Heating Systems: Forced air, Space Heater, Natural gas
  • Additional Features
  • Basement
  • Fireplace
Listing Changed: 5/15/2024 4:39:07 PM GMT
Source Updated Date: 5/27/2024 11:35:36 PM GMT

Courtesy of: RickParks, Salesperson, EXP REALTY

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