9 Benedict Ln Unit 5-7
Listing Notes
Income-producing multi-property asset offered at approximately an 8% cap rate with $75,900 NOI. This unique offering includes three separate residences on one 1.4 acre parcel, delivering multiple income streams and long-term upside potential. Ideal for investors seeking yield, value-add opportunity, or a hybrid owner-occupant strategy. Located across the street from Cornwall High School and near train service, shopping, and schools, the location supports steady rental demand. This property generates a gross annual rental income of $96,300. Annual operating expenses, including taxes, insurance, and lawn care, total $20,400, resulting in a net annual operating income of $75,900. Buyers looking for an income-producing property with strong numbers will recognize the value of a multi-home setup that delivers consistent cash flow with limited expense categories. Each home functions independently, allowing for flexible strategies such as renting all three, living in one while leasing the others (one house will be delivered vacant), or repositioning over time. The large lot provides room for outdoor use, future improvements, or added outdoor entertaining space depending on your long-term vision. A rare opportunity to acquire a multi-structure investment property with immediate cash flow and future upside.
Price in context
Cheaper than 25% of the 24 homes listed nearby right now, which run $499,000 to $1,200,000.
See all 24 nearby listings
| Address | Asking | Size |
|---|---|---|
| 1110 1114 Route 94 | $499,000 | 3 bd · 2 ba |
| 505 Iron Forge Ln | $515,000 | 3 bd · 4 ba |
| 501 Iron Forge Ln | $515,000 | 3 bd · 4 ba |
| 263 Riley Rd | $519,900 | 4 bd · 2 ba |
| 105 Shaker Ct N | $537,999 | 3 bd · 3 ba |
| 4 Shaker Ct | $549,900 | 4 bd · 4 ba |
| 7 Frost Ln | $599,000 | 3 bd · 3 ba |
| 158 Sycamore Dr | $600,000 | 3 bd · 3 ba |
| 185 Taylor Rd | $649,900 | 4 bd · 3 ba |
| 2657 Liberty Rdg | $705,000 | 4 bd · 3 ba |
| 2723 Colonial Dr | $725,000 | 4 bd · 3 ba |
| 2058 Independence Dr | $730,000 | 5 bd · 3 ba |
| 118 Pelham Dr | $749,900 | 4 bd · 3 ba |
| 28 Ardmore St | $750,000 | 4 bd · 3 ba |
| 35 Briarwood Ln | $824,999 | 3 bd · 3 ba |
| 110 Winding Brook Ct | $825,000 | 4 bd · 3 ba |
| 84 Pin Oak Dr | $830,000 | 4 bd · 4 ba |
| 28 Bethlehem Rd | $875,000 | 3 bd · 3 ba |
| 131 Riley Rd | $899,000 | 6 bd · 5 ba |
| 66 Pin Oak Dr | $899,000 | 4 bd · 3 ba |
| 219 Taylor Rd | $989,000 | 4 bd · 3 ba |
| 90 Quaker Ave | $1,075,000 | 4 bd · 3 ba |
| 4 Jefferson Ave | $1,100,000 | 4 bd · 3 ba |
| 8 Jefferson Ave | $1,200,000 | 4 bd · 4 ba |
Where it is
For sale Coming soon Recently sold— zoom out for more