502 Marlborough Street, Cornwall
502 Marlborough Street, Cornwall
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20 Photos
- MLS®: 1387133
- Added: 13 days ago
Property Details
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 7.7%! 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:1945)
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Property Information
- Sewer: Municipal sewage system
- Cooling: None
- Heating: Forced air, Space Heater, Natural gas
- List AOR: Cornwall
- Stories: 2
- Tax Year: 2023
- Basement: Unfinished, Cellar
- Flooring: Laminate
- Year Built: 1900
- Current Use: Development residential
- Photos Count: 20
- Water Source: Municipal water
- Parcel Number: 601760069
- Parking Total: 2
- Structure Type: Duplex
- Parking Features: Surfaced
- Tax Annual Amount: 2080
- Exterior Features: Vinyl, Siding
- Existing Lease Type: Other, See Remarks
- Lot Size Dimensions: 42 ft X 88 ft
- Zoning Description: Res20
- Number Of Units Total: 2
- Construction Materials: Wood frame
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