38
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$849,000
Est. payment /mo
5 BA
Active
3244 County 41 RD Greater Napanee, ON K0K 2W0
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UPDATED:
12/12/2024 08:20 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
MLS Listing ID X11891040
Annual Tax Amount $4,121
Tax Year 2024
Property Description
Discover a fully tenanted 5-unit legal non-conforming apartment building offering a robust gross income of $90,780 per year and an impressive 8.7% cap rate. This property has seen significant upgrades, including a newer well and septic system, along with cosmetic enhancements to select units, ensuring minimal maintenance and tenant satisfaction. Ideally situated just 10 minutes north of Highway 401 in the charming village of Roblin, this investment gem offers a serene rural setting with easy access to urban centers. Centrally located, its just 2 hours from both Toronto and Ottawa .Dont miss your chance to own this income-generating property perfect for seasoned investors or those looking to expand their portfolio.
Location
Province ON
County Lennox & Addington
Community Greater Napanee
Area Lennox & Addington
Region Greater Napanee
City Region Greater Napanee
Interior
Cooling Partial
Exterior
Garage Spaces 5.0
Utilities Available Yes
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
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