3244 County 41 Road,Greater Napanee, ON K0K 2W0
Greater Napanee, ON K0K 2W0
Description
Fully tenanted 5-unit legal non-conforming apartment building generating a strong gross income of $91,380/year with a 9.35% 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.
Details
| MLS# | X12120630 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 41 |
| Listing Provided By | RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE | X12120630 072308 |
Features
| Bath(s) | 5 |
|---|---|
| SQ Feet | 15,463 |
| Acreage | 0.36 |
Interior
| Cooling | Partial |
|---|
Taxes
| Property | 4121 |
|---|
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Lennox & Addington |
| City | Greater Napanee |
| Postal Code | K0K 2W0 |
| Area | 58 Greater Napanee |
| Listing VS Median (in K0K 2W0) | |
Price: $799,900 low | high Med: $799,900 SqFt: 15,463 low | high Med: 15,463 $ / SqFt: $52 low | high Med: $52 On site: 41 low | high Med: 41.000000 | |