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

    Est payment $2,872/mo
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    Time on Jump  1 days

    AI Summary *

    • Five-unit apartment building fully tenanted, generating $91,380 in annual gross income.
    • Reported cap rate of 10.685% with separate hydro metering.
    • Newer well produces over five gallons per minute, plus a 10,000-gallon holding tank.
    • Some units have received cosmetic updates.
    • Quiet rural location about 10 minutes from Highway 401.




    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 IDX14122812
    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 Brokerage: RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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