Property Address: 3244 County 41 Road, Greater Napanee (Greater Napanee), ON, K0K2W0
Average square foot calculated using Size range provided by listing agent.
Description
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. (id:58753)Show Description