$598,000
Available - For Sale
Listing ID: X13042640
3244 County 41 Road , Greater Napanee, K0K 2W0, Lennox & Addingt
| 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. |
| Price | $598,000 |
| Taxes: | $4121.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 3244 County 41 Road , Greater Napanee, K0K 2W0, Lennox & Addingt |
| Postal Code: | K0K 2W0 |
| Province/State: | Lennox & Addingt |
| Directions/Cross Streets: | Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Apartment |
| Use: | Apts - 2 To 5 Units |
| Building Percentage: | T |
| Total Area: | 0.36 |
| Total Area Code: | Acres |
| Approximatly Age: | 100+ |
| Franchise: | F |
| Washrooms: | 5 |
| Outside Storage: | F |
| Rail: | N |
| Crane: | F |
| Soil Test: | No |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Partial |
| Sewers: | Septic |
| Water: | Drilled W |
| Water Supply Types: | Drilled Well |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE |
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Irfan Bajwa
Broker, ABR, SRS, CNE
Dir:
416-832-9090
Bus:
905-858-0000
Fax:
905-452-7646
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Investment |
| Area: | Lennox & Addington |
| Municipality: | Greater Napanee |
| Neighbourhood: | 58 - Greater Napanee |
| Approximate Age: | 100+ |
| Tax: | $4,121 |
| Baths: | 5 |
| Fireplace: | N |
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