505 Cumberland Street, Cornwall, ON K6J 4J3 (Cumberland & Fifth St)

Price : $240,000.00 , MLS®# : X13105350

Description

If you're an investor - or aspiring to become one - then you already know the power of the BRRRR strategy: Buy, rehab, rent, refinance, repeat. This soon to be vacant duplex is the perfect opportunity. Add value through renovations, rent the units at market value, refinance, and repeat the process all over again. Located in a high-demand rental area close to everyday amenities, this property features two 2-bedroom units, and has the potential to achieve approximately a 9%+ cap rate ! Don't miss out, book your viewing today or give us a call for more information.

Location Description

Cumberland & Fifth St

Property Details
  • Community: 717 - Cornwall
  • Property Type: Vacant/Residential Freehold
  • Bedrooms: 4
  • Bath: 2
  • Garages: None
  • Annual Property Taxes : $ 2120
Building Features
  • Foundation Type: Concrete
  • Counstruction Material : Aluminum Siding
  • Total Parking Space : 2
  • Parking Type : None
Building Features
  • Heating : Forced AirGas
  • Sewer : Sewer ,
Land (Lot Features)
  • Frontage: 30 sq.ft
  • Land Depth: 80sq.ft

Listing Contracted With: RE/MAX AFFILIATES MARQUIS LTD.