3244 County 41 Road, Greater Napanee, ON K0K 2W0

Greater Napanee K0K 2W0 Ontario

MLS: X12120630

$799,900

Added 19 hours ago | For Sale

Listed by: RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE

About Property

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.

Features

  • House Style:Investment
  • Bathrooms:5
  • Land Size: 72.18 X 139.86
  • Water:Well
  • Garage Spaces: /None
  • Driveway:
  • Heating Fuel:
  • Cross Street:Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin
  • Basement: ,
  • Possession Date:Flexible
  • Annual Property taxes: $4121.29
  • Bedrooms:
  • Total Parking Spaces:5
  • Parking Places:5
  • Heating Type:Baseboard
  • Pool Type:
  • Exterior:
  • Direction Facing:
  • Front Footage:
  • Listing ID:X12120630

About Agent
Tajinder Sarao
REALTOR®
(647) 206-7222 [email protected]
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