LOADING

408 Fourth Street W Cornwall, Ontario K6J 2S6

None Forced Air, Space Heater

$320,000

CASH FLOW - INVESTORS WANTED! Net cash flow of more than $17500 - thus a Cap Rate of almost 5.5% 2 X 2 Bedroom Apts - Upper is Heated by a Gas Space Heater - tenant pays $740 plus gas & electric - Lower has a forced air electric furnace - tenant pays electricity - $1150 per month - Both Month to Month with LMR on hand One New Hot Water tank - One Older one and a Brand New Spare ready to go - Roof replaced 2021 Main Unit renovated May\Jun of 2023 ( all pics are main unit during renovation) Upper is same layout.... Basement is partially finished - was a third unit at one time....there is some seepage during bad storms... Parking for 3 cars on a side by side paved pad! Fully fenced Back Yard - Decks both front & rear! DONT MISS THIS ONE ! (id:37072)

Property Details

MLS® Number 1371125
Property Type Multi-family
Neigbourhood Cornwall
Parking Space Total 3

Building

Basement Development Partially Finished
Basement Type Full (partially Finished)
Constructed Date 1944
Construction Material Wood Frame
Cooling Type None
Exterior Finish Siding
Flooring Type Wall-to-wall Carpet, Laminate, Vinyl
Foundation Type Poured Concrete
Heating Fuel Electric, Natural Gas
Heating Type Forced Air, Space Heater
Stories Total 2
Type Duplex
Utility Water Municipal Water

Parking

Oversize
Surfaced

Land

Acreage No
Current Use Development Residential
Sewer Municipal Sewage System
Size Depth 90 Ft ,10 In
Size Frontage 42 Ft
Size Irregular 42 Ft X 90.8 Ft
Size Total Text 42 Ft X 90.8 Ft
Zoning Description Residential

https://www.realtor.ca/real-estate/26341624/408-fourth-street-w-cornwall-cornwall

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Rick Parks
Salesperson

(613) 551-2866
www.homesforsalecornwall.com
https://www.facebook.com/homesforsalecornwall/
https://www.linkedin.com/in/rick-parks-4ba47a178/

Zolo Realty
261 Montreal Rd Unit 310
Ottawa, Ontario K1L 8C7

(613) 707-6328
(416) 981-3248
zolo.ca/ottawa-real-estate

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