For Sale - 3244 County 41 Road, Greater Napanee, Ontario

Est payment $2,872/mo
Views   1
Time on Jump  1 days
  • Fully tenanted 5-unit apartment building with strong annual income of $91,380.
  • Separate metering for hydro ensures tenant control over utilities.
  • Recent upgrades include a reliable well and large holding tank.
  • Select units have cosmetic improvements for tenant satisfaction.
  • Low-maintenance property with easy access to urban centers.



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.
Listing IDX13042640
Address3244 County 41 Road
CityGreater Napanee, Ontario
Price$598,000
Bath5 Full
StyleInvestment
TypeIndustrial/Commercial
StatusFor Sale
Subtype InvestmentBasement 1Heating / Cooling BaseboardSewer Septic
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Listing Agency:  RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE

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3244 County 41 Road
Greater Napanee , Ontario
5 $598,000
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