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502 Marlborough St

Marlborough St, Downtown Cornwall, Cornwall, ON, K6H 4A7

-
Beds
-
Baths
$339,000
List Price
Details
Photos
20
Comparables
History
502 Marlborough St, Cornwall, ON - 1 of 3
502 Marlborough St, Cornwall, ON - 2 of 3
502 Marlborough St, Cornwall, ON - 3 of 3
45 days on market

Quick Summary

  • Well-maintained side-by-side duplex
  • Two-storey units with 2 beds, 1 bath
  • Rented unit with $955 all-inclusive rent
  • Owner's unit could rent for $2000/month
  • Net cash flow of almost $28,000
  • Cap rate of 8.17% on reduced price
  • Roof and windows replaced in 2018
  • Hot water tanks replaced in 2017

Just reduced to $339,000 - Cap Rate now at 8.17% !!! Fantastic Duplex Opportunity! This well-maintained side-by-side duplex features two-storey units, each comprising 2 beds and 1 bath. One unit is currently owner-occupied and will be vacant upon possession. Heated with forced air gas, the rented side is heated with a gas space heater.... Show More

Just reduced to $339,000 - Cap Rate now at 8.17% !!! Fantastic Duplex Opportunity! This well-maintained side-by-side duplex features two-storey units, each comprising 2 beds and 1 bath. One unit is currently owner-occupied and will be vacant upon possession. Heated with forced air gas, the rented side is heated with a gas space heater. Ideal for investors or owner-occupiers, the property offers a shared shed behind paved parking. The tenant in one unit pays $955 all-inclusive with last month's rent on hand. The owner's unit could rent for $2000 per month + utilities, yielding a net cash flow of almost $28,000 and a cap rate of 8.17% Roof & Windows replaced in 2018 (as per prev owner) Hot Water Tanks (2) 2017 Whether you're expanding your investment portfolio or seeking assistance with mortgage expenses as a first-time homebuyer, this duplex is a perfect choice. (id:54626)

Property Details

Parking

2 Parking Spaces
Surfaced

Lot

Size
503′11″ * 1056′0″
Acres
-

Build

Year Built
1900
Model Name
-
Basement
Unfinished
Exterior
Siding, Vinyl
Foundation
-
Builder Name
-
Stories
2
Flooring
Laminate
Roof
-

Heating & Cooling

Heating
Forced air, Space Heater
Cooling
None

Utilities

Water
Municipal water
Sewer
Municipal sewage system
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Source

Listing Brokerage

MLS® Listing
1387133
Last Updated
May 14, 2024
Brokerage
EXP REALTY
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