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For Sale
$419,900
MLS® X13169918
306 MARLBOROUGH STREET N
Cornwall, Ontario, K6H4A3
- Beds / Baths
- 7 bed · 3 bath
- Property type
- Multi-family
- Building
- Multi-family
- Lot size
- 51 x 66 FT
- Parking
- 0
Property facts
- Beds / Baths
- 7 bed · 3 bath
- Property type
- Multi-family
- Building
- Multi-family
- Transaction
- For Sale
- Lot size
- 51 x 66 FT
- Parking
- 0
About this property
Located in the desirable Marlborough neighbourhood, directly across from the Joe St. Denis Football Field, this 7-bedroom triplex presents a compelling opportunity for investors seeking strong income potential. The property is currently generating approximately $3,647.80 per month in rental income (approximately $43,773.60 annually) from three occupied units. Based on current operating figures, the property offers an approximate Net Operating Income of $34,354.60 and an estimated cap rate of approximately 7.9%, making it an attractive addition to an investment portfolio. Positioned in an established residential area with convenient access to schools, parks, and amenities, this income-producing property combines location, rental demand, and solid returns. 24 Hour notice required for all showings. 48 Hour irrevocable on all offers as per Form 244. (id:53361)