About 707-713 First Street

POSITIVE CASH FLOW FOURPLEX! Solid brick Fourplex in an upcoming area of Cornwall. This fourplex is in prime location with proximity to shops, school, college and recreational center. Good income with solid tenants. The units are all similar in size with one main floor unit having its original 2 bedrooms, with the other having been converted into a more spacious one bedroom. All units are heated with gas space heaters. Renovation includes some windows, and bathroom. The detached garage and attached shed offers great parking space and storage possibility. Don't miss this opportunity with the adjacent building also being sold by same owner... possibility to own a large piece of land in prime location. Rents are: $875 inclusive (2 units), $998.75 inclusive, $900 plus utilities (Total/year: $43,785). Expenses (2023) are: Prop.tax $2645, Water/Sewer $2296, Hydro $3383, Gas $4979, Insurance $3301 (Total/year: $16,604). Expenses for Hydro and Gas should be less in 2025 as one new tenant is now paying their own utilities.

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