3244 County 41 Road Greater Napanee, Ontario K0K 2W0
$799,900
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. (id:47351)
Business
| Business Type | Residential |
| Business Sub Type | Apartments |
Property Details
| MLS® Number | X12120630 |
| Property Type | Multi-family |
| Community Name | 58 - Greater Napanee |
| Features | Irregular Lot Size |
| Parking Space Total | 5 |
Building
| Bathroom Total | 5 |
| Age | 100+ Years |
| Appliances | Dryer, Water Heater, Stove, Washer, Water Treatment, Refrigerator |
| Cooling Type | Partially Air Conditioned |
| Heating Type | Baseboard Heaters |
| Type | Multi-family |
| Utility Water | Drilled Well |
Land
| Acreage | No |
| Sewer | Septic System |
| Size Depth | 139 Ft ,10 In |
| Size Frontage | 72 Ft ,2 In |
| Size Irregular | 0.355 |
| Size Total | 0.355 Ac |
| Size Total Text | 0.355 Ac |
| Zoning Description | Hr-2 (hamlet Residential - Exception2) |
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June 09 2025 04:50:20
Kingston & Area Real Estate Association
RE/MAX Hallmark First Group Realty Ltd. , Brokerage