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3244 County 41 Road, Greater Napanee (Greater Napanee), ON K0K2W0
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$649,900
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Home Details for 3244 County 41 Road
Price
$649,900
Type
Multi Family
Total Bathrooms
5
Lot Size
0.355
Listing #
X12462772
On exitrealty.com
103 days
Property Description
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:31684)
- Heating Information
- Baseboard
Listing Courtesy: RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
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$649,900
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EXIT REALTY ACCELERATION, BROKERAGE
32 Industrial Blvd, Napanee, ON K7R 4B7