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$ 599,900
Est. payment /mo
Active
2 BALDWIN AVENUE Cornwall, ON K6H4H6
6 Beds
4 Baths
2,500 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,500 sqft
Price per Sqft $239
Subdivision 717 - Cornwall
MLS® Listing ID X12437833
Bedrooms 6
Source Cornwall & District Real Estate Board
Property Description
Welcome to this positive cash-flowing fourplex ideally located within close proximity to schools, St. Lawrence College, and a variety of shopping options, making it a highly desirable rental location. This well-maintained property boasts west-facing windows that were all updated in 2022, allowing for plenty of natural light and improved energy efficiency. Each unit is equipped with brand new gas space heaters, installed in 2022, providing reliable and cost-effective heating for tenants.The four units are currently rented at competitive market rates, with rents as follows: Unit 2 at $1250.50 plus utilities, Unit 4 at $1,375 plus utilities, Unit 6 at $1,300 plus utilities, and Unit 8 at $1,225 plus utilities. There is no vacancy and tenants responsible for utilities, this property offers excellent operating efficiency. The net operating income (NOI) for this investment is approximately $52,352.46, making it a highly attractive opportunity for investors seeking immediate income and long-term growth potential. 24 Hour notice for showings, 48 Hour irrevocable on all offers as per form 244. (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Other
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Story 2
Sewer Sanitary sewer
Listed by RE/MAX AFFILIATES MARQUIS LTD.
