$318,000
$339,000
6.2%For more information regarding the value of a property, please contact us for a free consultation.
502 MARLBOROUGH ST Cornwall, ON K6H 4A7
Key Details
Sold Price $318,000
Property Type Multi-Family
Sub Type Multifamily
Listing Status Sold
Purchase Type For Sale
MLS Listing ID 1387133
Sold Date 07/08/24
Year Built 1900
Annual Tax Amount $2,080
Tax Year 2023
Property Description
FULL VACANT ON CLOSING !
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, the other with a tenant vacating on Jul 14th - Thus will be fully vacant upon possession. Larger unit is Heated with forced air gas, the slightly smaller side is heated with a gas space heater.
Ideal for investors or owner-occupiers, the property offers a shared shed behind paved parking. Larger side will bring in $1900 ++ and the Smaller side $1600 ++ for gross rent of $42,000 - Net of $36390 - Cap rate of 10.&#%
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.
Location
Province ON
Rooms
Basement Cellar, Common
Interior
Heating Natural Gas
Flooring Cushion, Laminate
Exterior
Garage Surfaced
Roof Type Asphalt Shingle
Building
Story 2
Sewer Sewer Connected
Water Municipal
Structure Type Siding,Vinyl
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