Investor Alert! This turnkey duplex in Cornwall delivers exceptional cash flow, generating over $30,000 in net income annually, with a cap rate exceeding 8%. Fully leased with reliable tenants, this property is an excellent addition to any investment portfolio. Each 3-bedroom unit is approximately 700 sq. ft. and has been renovated to enhance tenant appeal. The lower unit was updated in 2024 with new flooring, kitchen, lighting, paint, doors, and some new windows, while the upper unit, renovated in 2020, features a new kitchen, fresh paint, and updated baseboard heaters. The landlord-owned appliances add further value, and with tenants covering their own utilities (except water/sewer), operating costs remain low. Located in a high-demand rental market, this income-generating property offers strong returns from day one. Don't miss out! Contact us today for financials or to schedule a viewing! (id:47421)
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Detailed Information
Bedrooms
6
Bathrooms
3
Lot
26.33 x 127.08 ft
Features
Carpet Free
Listing Contract Date
2025-03-18
Location Description
Mcconnell and Second
# of Parking Spaces
4
Property Type
Multi-family
Transaction Type
For sale
Building
Appliances
Dryer, Stove, Washer, Refrigerator
Basement Features
Separate entrance
Basement Type
N/A
Exterior Finish
Vinyl siding
Foundation Type
Poured Concrete
# of Half Bathrooms
1
Heating Fuel
Natural gas
Heating Type
Forced air
Stories Total
2
Type
Duplex
Utility Water
Municipal water
Parking Spaces
Name
Spaces
No Garage
Land
Total Size
26.37 x 127.13 FT
Sewer
Sanitary sewer
Size of Irregular Land
26.37 x 127.13 FT
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