$849,000
Available - For Sale
Listing ID: X11891040
3244 County 41 Rd , Greater Napanee, K0K 2W0, Ontario
| Discover a fully tenanted 5-unit legal non-conforming apartment building offering a robust gross income of $90,780 per year and an impressive 8.7% cap rate. This property has seen significant upgrades, including a newer well and septic system, along with cosmetic enhancements to select units, ensuring minimal maintenance and tenant satisfaction. Ideally situated just 10 minutes north of Highway 401 in the charming village of Roblin, this investment gem offers a serene rural setting with easy access to urban centers. Centrally located, its just 2 hours from both Toronto and Ottawa .Dont miss your chance to own this income-generating property perfect for seasoned investors or those looking to expand their portfolio. |
| Extras: Please review all documents attached. |
| Price | $849,000 |
| Taxes: | $4121.29 |
| Tax Type: | Annual |
| Assessment: | $315000 |
| Assessment Year: | 2024 |
| Occupancy by: | Tenant |
| Address: | 3244 County 41 Rd , Greater Napanee, K0K 2W0, Ontario |
| Postal Code: | K0K 2W0 |
| Province/State: | Ontario |
| Lot Size: | 72.18 x 139.86 (Feet) |
| Directions/Cross Streets: | Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin |
| Category: | Apartment |
| Use: | Apts-2 To 5 Units |
| Building Percentage: | Y |
| Total Area: | 0.36 |
| Total Area Code: | Acres |
| Approximatly Age: | 100+ |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Employees #: | 0 |
| Seats: | 0 |
| LLBO: | N |
| Taxes Expense: | $4121 |
| Insurance Expense: | $2982 |
| Hydro Expense: | $3330 |
| Other Expenses: | $3550 |
| Year Expenses: | 2023 |
| Expenses Actual/Estimated: | $Act |
| Washrooms: | 5 |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Soil Test: | N |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Part |
| Elevator Lift: | None |
| Sewers: | Septic |
| Water: | Well |
| 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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Antonella Monte
Broker
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647-282-4848
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At a Glance:
| Type: | Com - Investment |
| Area: | Lennox & Addington |
| Municipality: | Greater Napanee |
| Neighbourhood: | Greater Napanee |
| Lot Size: | 72.18 x 139.86(Feet) |
| Approximate Age: | 100+ |
| Tax: | $4,121.29 |
| Baths: | 5 |
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