502 Marlborough Street Cornwall, Ontario K6H 4A7
$359,000
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 7.7%! 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:37229)
Property Details
| MLS® Number | 1387133 |
| Property Type | Multi-family |
| Neigbourhood | Cornwall |
| Amenities Near By | Public Transit, Shopping |
| Communication Type | Internet Access |
| Parking Space Total | 2 |
| Storage Type | Storage Shed |
Building
| Basement Development | Unfinished |
| Basement Type | Cellar (unfinished) |
| Constructed Date | 1900 |
| Construction Material | Wood Frame |
| Cooling Type | None |
| Exterior Finish | Siding, Vinyl |
| Fireplace Present | No |
| Flooring Type | Laminate |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air, Space Heater |
| Stories Total | 2 |
| Type | Duplex |
| Utility Water | Municipal Water |
Parking
| Surfaced |
Land
| Acreage | No |
| Current Use | Development Residential |
| Land Amenities | Public Transit, Shopping |
| Sewer | Municipal Sewage System |
| Size Depth | 88 Ft |
| Size Frontage | 42 Ft |
| Size Irregular | 42 Ft X 88 Ft |
| Size Total Text | 42 Ft X 88 Ft |
| Zoning Description | Res20 |
https://www.realtor.ca/real-estate/26772263/502-marlborough-street-cornwall-cornwall
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April 24 2024 04:26:47
Cornwall & District Real Estate Board
Exp Realty