Cornwall - 717 - Cornwall
Cornwall - 717 - Cornwall
Listed For $1,175,000
Get Pre-approvedAdded 3 months ago
BEAUTIFULLY RENOVATED UNIQUE HISTORIC BRICK BUILDING IN DOWNTOWN LOCATION! Check out this very unique historic building which has been converted to an easy to maintain 5 Plex residential apartment building (5,272 sq.ft. as per MPAC). All renovations were completed with City of Cornwall building permits, inspections and finals approvals. This fully renovated/fully occupied property has an approximate /estimated annual net cash flow of $80,000 (before debt service, depreciation, vacancy & bad debt, management and maintenance). The capitalization rate for this investment property is calculated to be + 7% at the listing price, based on the income and expenses provided by the seller in the listing data. However if an investor builds in additional building expenses based on typical criteria for
We couldn't find other active listings in this specific criteria right now.
* Values are estimates only and not a guarantee of lending or affordability.