$870,000
$919,900
5.4%For more information regarding the value of a property, please contact us for a free consultation.
314-316 MARLBOROUGH ST Cornwall, ON K6H 4A3
Key Details
Sold Price $870,000
Property Type Condo
Sub Type Apartment 5+ Units
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1379983
Sold Date 05/03/24
Year Built 1938
Annual Tax Amount $4,916
Tax Year 2023
Property Description
Discover the epitome of investment opportunity with this meticulously maintained 6-plex, cherished by its retiring owner for 15 years. Boasting a stellar tenant history this property ensures stability and growth for savvy investors. Upgraded electrical, plumbing, and cosmetic enhancements showcase the owner's dedication to excellence. With tenants responsible for utilities and the owner managing hot water expenses and common area electricity, this investment is streamlined for efficiency. Enjoy an additional revenue stream with the coin-operated laundry room. Convenient rear parking lot enhances tenant satisfaction. A 2.5% rent increase went into effect for all units April 2024. Seller requires 24 hours irrevocable on all offers. Seller requires 48 hours showing notice for tenants.
Location
Province ON
Rooms
Basement Full
Interior
Heating Electricity
Exterior
Roof Type Tar & Gravel
Building
Story 2
Foundation Poured Concrete
Sewer Sewer Connected
Water Municipal
Structure Type Siding
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