3244 COUNTY 41 ROAD, Greater Napanee, Ontario K0K 2W0
$598,000.00
- 5 bathrooms
Fully tenanted 5-unit legal non-conforming apartment building generating a strong gross income of $91,380/year with a 10.685% cap rate. Separately metered for hydro with electric baseboard heating and heat pumps as heating sources. Recent upgrades include a newer well producing over 5 PLUS GPM (no trickle system required) and a 10,000-gallon holding tank with approx. $3,550/year in pump-out costs. Select units have seen cosmetic improvements, ensuring tenant satisfaction and reduced maintenance. Located just 10 minutes north of Hwy 401 in the quiet village of Roblin, this low-maintenance rural property offers excellent access to urban centres and is ... read more
Fully tenanted 5-unit legal non-conforming apartment building generating a strong gross income of $91,380/year with a 10.685% cap rate. Separately metered for hydro with electric baseboard heating and heat pumps as heating sources. Recent upgrades include a newer well producing over 5 PLUS GPM (no trickle system required) and a 10,000-gallon holding tank with approx. $3,550/year in pump-out costs. Select units have seen cosmetic improvements, ensuring tenant satisfaction and reduced maintenance. Located just 10 minutes north of Hwy 401 in the quiet village of Roblin, this low-maintenance rural property offers excellent access to urban centres and is just 2 hours from Toronto or Ottawa. A solid opportunity for investors seeking stable cash flow. Detailed expense sheet available upon request. (id:25417)
- Listing ID: X13042640
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 0.355 Ac |
| Parking: | 5 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Multi-Family |
| Appliances: | Washer, Water Heater, Water Treatment and Dryer |
| HVAC: | Baseboard Heaters, Fireplace and Partially Air Conditioned |
| Utilities: | Septic System |
| Location | |
|---|---|
| Town: | Greater Napanee |
| Province: | Ontario |
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