8 Beds 8 Bath

1101 Gretchen Court, Cornwall, ON K6H 6T2

Cornwall K6H 6T2 Ontario

MLS: X12842682

$1,600,000

Added 2 hours ago | For Sale

Listed by: RE/MAX AFFILIATES MARQUIS LTD.

About Property

Welcome to 1101 Gretchen Court, a 2015 quality built and well located fourplex that offers spacious units, stunning curb appeal, and all the conveniences that appeal to a wide spectrum of tenants. Each of the 4 units in this turn key investment property are approximately 1100sqft and feature 2 bedrooms, 1 bathroom, natural gas forced air furnace, and central air conditioning. The upper units host west facing balconies while the main level units have both a front entrance and a rear entrance off the parking lot. This property currently grosses $73,692 annually, and with market priced rents has a potential gross revenue of $103,2000 annually. Current operating expenses are $19,461 and Net Operating Income is $54,231. 24h Notice minimum for all showings. As per for 244, seller required 24h irrevocable on all offers.

Features

  • House Style:Fourplex
  • Bathrooms:8
  • Land Size: 95.47 X 169.13
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Gas
  • Cross Street:Twelfth St E
  • Basement:None , None
  • Possession Date:TBD
  • Annual Property taxes: $11650
  • Bedrooms:8
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Forced Air
  • Pool Type:None
  • Exterior:
  • Direction Facing:East
  • Front Footage:
  • Listing ID:X12842682

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