Greater Napanee K7R 1E4 Ontario
MLS: X12688440
Added 7 hours ago | For Sale
Listed by: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE
This well-maintained five-unit building is the perfect addition to an investor's portfolio or as your first income property. Located on the corner of a quiet street in Napanee, close to the river and next to the Macpherson House and park. 4 of the 5 units were fully renovated before the latest tenants moved in, the 5th has a long term tenant. The property comprises three 2-bedroom units and two 1-bedroom units. Almost all windows have been updated, and the building features a good steel roof, 2 gas furnaces and new vinyl siding on the exterior. All the units are very spacious, the main floor has 9 and 10ft ceilings with some original character retained in the stairwells. The corner lot location offers ample parking and some green space for the great tenants. With a Net income of $54,649.71, this property yields a decent cap rate of just over 7%.
| Level | Type | Features | Dimensions |
|---|---|---|---|
| Main | Bedroom | 12 ft, 10 in x 7 ft, 8 in | |
| Kitchen | 13 ft x 18 ft, 5 in | ||
| Living Room | 16 ft, 4 in x 12 ft, 9 in | ||
| Primary Bedroom | 11 ft, 11 in x 12 ft | ||
| Bedroom | 11 ft, 11 in x 11 ft, 8 in | ||
| Kitchen | 13 ft, 4 in x 18 ft, 6 in | ||
| Living Room | 16 ft, 4 in x 12 ft, 6 in | ||
| Bedroom | 12 ft, 4 in x 7 ft, 8 in | ||
| Second | Bedroom | 16 ft, 4 in x 10 ft, 10 in | |
| Kitchen | 10 ft, 7 in x 11 ft, 1 in | ||
| Living Room | 12 ft, 9 in x 11 ft, 1 in | ||
| Bedroom | 10 ft, 9 in x 11 ft | ||
| Kitchen | 10 ft, 8 in x 11 ft, 4 in | ||
| Living Room | 12 ft, 10 in x 11 ft, 3 in | ||
| Bedroom | 8 ft, 6 in x 8 ft, 10 in | ||
| Kitchen | 12 ft, 9 in x 8 ft, 4 in | ||
| Living Room | 12 ft, 10 in x 8 ft, 1 in | ||
| Bedroom | 8 ft, 10 in x 9 ft, 2 in |
No property rooms available.
