3244 COUNTY 41 ROAD, Greater Napanee (Greater Napanee), Ontario, K0K2W0

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:64974)

Quick Facts

• Property Type: Multi-Family
• Bedrooms: None
• Bathrooms: 5
• Attached: Yes
• Parking: 5 spaces
• Lot Size: 0.3550 acres (0.14 ha)
• Frontage: 72 ft (22 m)

Costs

• Annual Taxes: $4,121.29 (2024)

Listing Provided by: RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
Board: Kingston & Area Real Estate Association
Data provided via CREA DDF®.