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The Oakmont Real Estate Group
3244 County 41 Road, Greater Napanee (Greater Napanee), Ontario K0K2W0
Listing courtesy of RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE.
- $598,000
- 5
- BA
- List Price
- $598,000
- MLS®
- X13042640
- Days on Market
- 179
- Status
- ACTIVE
- Type
- Multifamily
- Subtype
- Multi-family
- Bathrooms
- 5
- Lot Size Dimensions
- 0.355
- Lot Size
- 15,463
- Subdivision
- 58 - Greater Napanee
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:5764)
Additional Information
- Subdivision
- 58 - Greater Napanee
- Parking Spaces
- 5
- Cooling
- Partially air conditioned
- Country
- Canada
- Sewer
- Septic System
- Heating
- Baseboard heaters
- Lot Features
- Irregular lot size
- Lot Size
- 15,463
