3004 Pitt

About This Property

This 8-bedroom, 4-bathroom multi-family in Cornwall is available for your consideration. The home features baseboard heaters, electric heating, window air conditioner, a apartment in basement, n/a basement, a fireplace.

MLS Remarks

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. (id:60351)

Location