49/51 BRIDGE STREET W, Greater Napanee, Ontario K7R 2C4
$760,000.00
- 9 bedrooms
- 7 bathrooms
Unique seven (7) unit multiplex located within walking distance of downtown Napanee amenities. This income-producing property is attached but separately deeded, with all information provided in this listing representing the combined details of both parcels. 49 Bridge St W consists of 3 units, while 51 Bridge St W consists of 4 units. Six units are currently tenant-occupied with long-standing tenants. Rental amounts reflect the most recent rental increases, and there are no separate meters; all rents are inclusive. Based on full occupancy, the property generates approximately $105,744 in gross annual income, with an estimated net operating income of ... read more
Unique seven (7) unit multiplex located within walking distance of downtown Napanee amenities. This income-producing property is attached but separately deeded, with all information provided in this listing representing the combined details of both parcels. 49 Bridge St W consists of 3 units, while 51 Bridge St W consists of 4 units. Six units are currently tenant-occupied with long-standing tenants. Rental amounts reflect the most recent rental increases, and there are no separate meters; all rents are inclusive. Based on full occupancy, the property generates approximately $105,744 in gross annual income, with an estimated net operating income of $58,729/year and an approximate 7.73% cap rate based on the $760,000 asking price. The property features hot water boiler heating (2012), metal roofing on one portion (2018), a new asphalt shingle roof (2026), and vinyl siding (2021). R4 zoning; permitted uses and zoning information are available upon request. 48 hours' notice required for all showings. Income and expense sheet and a recent building inspection are available upon request. (id:25417)
- Listing ID: X13807912
- Property Type: Multi-family
| Property | |
|---|---|
| Lot Size: | 83 by 134.9 FT|under 1/2 Acre |
| Parking: | No Garage 8 Spaces |
| Building | |
|---|---|
| Type: | Multi-family Other |
| Appliances: | Refrigerator, Stove and Water Heater |
| HVAC: | Fireplace Natural Gas |
| Exterior: | Brick and Vinyl Siding |
| Basement: | Full (Unfinished) |
| Utilities: | Cable and Sanitary Sewer |
| Location | |
|---|---|
| Town: | Greater Napanee |
| Province: | Ontario |
| Nearby Amenities: | Golf Nearby, Hospital, Park, Place Of Worship and Schools |
| Community Features: | Community Centre |
Book a showing to see this Bridge Street West Home in Greater Napanee
This property has so much to offer. Book a private showing now, as you do not want to miss out on 49/51 BRIDGE STREET W in Greater Napanee, Ontario!
Private Showing Request
Send a request to book a private showing for
.
Please Note: Information you supply in the contact form will be kept fully confidential.
Is this multi-family home the right property for you? Start a conversation to find out.
Get Directions to this Property
Not sure where this property is? Get directions to this Bridge Street West Home in Greater Napanee.
Provided by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE. MLS®, REALTOR®, and the associated logos are trademarks of the Canadian Real Estate Association.
This REALTOR.ca listing content is owned and licensed by REALTOR® members of the Canadian Real Estate Association.
Have questions or need more information about this home? Don't know where to begin? Then, let us connect you with the best real estate agent to guide you.
Inquiries submitted through this website will be responded to by a local sales representative from Royal LePage®.
Start a Conversation by Text
Provide your full name, phone and email to start a conversation by text message.
Please Note: Information you supply in the contact form will be kept fully confidential.
Start a Conversation by Email
Provide your full name and email to start a conversation by email.
Please Note: Information you supply in the contact form will be kept fully confidential.