Refine Search
Map
Sort by
49/51 Bridge Street West, Greater Napanee (Greater Napanee)
$760,000
9 Beds ⋅ 7 Baths ⋅ X13807912 MLS® #
Unique seven (7) unit multiplex located within walking distance of downtown Napanee amenities. This income-producing property is attached but separately deeded, with all information provided in this listing representing the combined details of both parcels. 49 Bridge St W consists of 3 units, while 51 Bridge St W consists of 4 units. All seven units are currently tenant-occupied with long-standing tenants. Rental amounts reflect the most recent rental increases, and there are no separate meters; all rents are inclusive. Based on full occupancy, the property generates approximately $105,744 in gross annual income, with an estimated net operating income of $58,729/year and an approximate 7.73% cap rate based on the $760,000 asking price. The property features hot water boiler heating (2012), metal roofing on one portion (2018), a new asphalt shingle roof (2026), and vinyl siding (2021). R4 zoning; permitted uses and zoning information are available upon request. 48 hours' notice is required for all showings. Income and expense sheet and a recent building inspection are available upon request. (id:5764)

49/51 Bridge Street West, Greater Napanee (Greater Napanee)

Listing courtesy of RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE.

How much is your home worth?

Get instant property value now!