8 Beds 4 Bath

3004 Pitt Street, Cornwall, ON K6K 1A6

Cornwall K6K 1A6 Ontario

MLS: X12780954

$850,000

Added 14 hours ago | For Sale

Listed by: RE/MAX AFFILIATES MARQUIS LTD.

About Property

Welcome to 3004 Pitt Street - A Prime North End Investment Opportunity.This solid brick fourplex is ideally located in Cornwall's desirable North End, close to schools, transit, and everyday amenities-an area consistently attractive to tenants. A fantastic opportunity for both seasoned and first-time investors looking to expand their portfolio with a stable, income-producing asset.The property features four spacious 2-bedroom units, each offering a 3-piece bathroom and the highly desirable convenience of in-unit laundry-an excellent tenant retention feature. Currently, three units are occupied by quality tenants, providing immediate cash flow, while one vacant unit offers flexibility for owner-occupancy or the opportunity to secure a new tenant at current market rent to maximize returns.With strong rental fundamentals, solid construction, and upside potential through rental optimization, 3004 Pitt Street represents a well-balanced investment in a proven rental location. 48-hour irrevocable required on all offers. Minimum 48-hour notice required for all showings. Current Gross income with 1 unit vacant is 55,020 and NOI-38,381. With the vacant unit projected rent at 1,800/mth projected Gross Income 76,620 and NOI- 59,981.

Features

  • House Style:Fourplex
  • Bathrooms:4
  • Land Size: 100 X 104
  • Water:Municipal
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:Electric
  • Cross Street:Pitt Street and Mercier
  • Basement:Apartment , Apartment
  • Possession Date:Immediate
  • Annual Property taxes: $5970
  • Bedrooms:8
  • Total Parking Spaces:6
  • Parking Places:6
  • Heating Type:Baseboard
  • Pool Type:None
  • Exterior:
  • Direction Facing:West
  • Front Footage:
  • Listing ID:X12780954

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