135 John St,Napanee, ON K7R
Napanee, ON K7R
Description
Prime investment opportunity in the heart of historic downtown Napanee! This fully tenanted, mixed-use building offers two residential units and a commercial storefront, generating a total annual rental income of $47,400. Recent upgrades include electrical panel updates (Fall 2024) and the installation of new 3 separate hydro meters. The residential units are fully rented, with one tenant paying utilities and the others enjoying all-inclusive arrangements. The commercial storefront provides excellent potential, with permitted uses available upon request. Located in the quaint Town Square, the property is surrounded by charming boutiques, restaurants, and the allure of small-town living. With annual expenses of $14,100.48 and a CAP rate of 8.54%, this is an ideal investment for those seeking steady cash flow in a prime location. Don't miss this opportunity to own a versatile property in one of Napanees most desirable areas. All Showing requests must be made 48 hrs in advance.
Details
| MLS# | X12167083 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 22 |
| Listing Provided By | RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE | X12167083 072308 |
Features
| Bath(s) | 4 |
|---|---|
| SQ Feet | 3,950 |
| Acreage | 0.09 |
Interior
| Cooling | No |
|---|
Taxes
| Property | 4843 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Lennox & Addington |
| City | Napanee |
| Postal Code | K7R |
| Area | 58 Greater Napanee |
| Listing VS Median (in K7R) | |
Price: $389,900 low | high Med: $774,950 SqFt: 3,950 low | high Med: 3,137 $ / SqFt: $99 low | high Med: $249 On site: 22 low | high Med: 16.000000 | |