Rare opportunity to acquire a fully tenanted 6 unit income property offering strong cash flow and excellent long term investment potential.
| Website: | https://www.nestseekers.com/5589890 |
|---|---|
| Address: | Cornwall K6H 4P9 Canada |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 11 BR |
| Bathrooms: | 6 |
Financials
Price:C764,900
($538,800)
(€473,000)
Annual Taxes:C4,623
Description
Rare opportunity to acquire a fully tenanted 6-unit income property offering strong cash flow and excellent long-term investment potential. Featuring a desirable mix of spacious 1, 2, and 3-bedroom units, this property provides broad tenant appeal and reliable rental stability. The building currently generates $75,519.12 in gross annual rental income, with annual operating expenses of $21,282, resulting in an estimated Net Operating Income (NOI) of $54,237.12. Several units offer all-inclusive living, contributing to strong tenant retention and consistent occupancy. Conveniently located close to St. Lawrence College, public transit, shopping, and other amenities, this income-producing property presents an excellent opportunity for investors seeking stable returns, consistent income performance, and future growth potential. Minimum 24-hour notice required for all showings. Please allow 48-hour irrevocable on all offers.
Angelo Ferlisi 9 Queen Street Unit 7, Cookstown, Ontario |