Cornwall, Ontario 4plex for sale, 15% cap rate estimated

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1 total messages Started by mwrealestate Sat, 27 Sep 2003 17:45

#14

Author: mwrealestate
Date: Sat, 27 Sep 2003 17:45

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Virtual Tour at http://www.geocities.com/mikefw2002/cornwall.html


Fourplex Asking: Only $159, 900 CDN. 
Across, Legaion Park (St. Lawrance River) Good location, large
backyard, large windows. Excessively renovated in July 2003. New
windows and roof.

Monthly Rent: 
Unit 60    3 bedroom $650 + hydro + heat (currently owner occupied) 
Unit 62    3 bedroom $510 + hydro + heat 
Unit 62a  3 bedroom $580 + hydro + heat 
Unit 64    2 bedroom $560 + heat  (can be rented out for
$500+hydro+heat)

additional income from Satellite TV service can be up to $1476 a year.
Annual expense include water tax $1234.56, tax $1756.46 and insurance
about $700. Total Net income estimated $24400 per year.

Unit 60 and 62a are excessively renovated. The property requires
almost little maintenance annually.
  

Contact Tal/Fax 613-9381716 Owner  Email: mikefw2002@yahoo.com
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