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    For Sale - 49/51 Bridge Street, Greater Napanee, Ontario

    Est payment $3,649/mo
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    Views   1
    Time on Jump  27 day

    AI Summary *

    • Unique seven-unit multiplex in walking distance to downtown amenities.
    • Income-producing property with six long-standing tenant-occupied units.
    • Gross annual income of approximately $105,744 with a solid cap rate.
    • Recent updates include new roofing, vinyl siding, and hot water boiler heating.
    • R4 zoning allows for various permitted uses, expanding investment potential.




    Unique seven (7) unit multiplex located within walking distance of downtown napanee amenities. This income-producing property is attached but separately deeded, with all information provided in this listing representing the combined details of both parcels. 49 bridge st w consists of 3 units, while 51 bridge st w consists of 4 units. Six units are currently tenant-occupied with long-standing tenants. Rental amounts reflect the most recent rental increases, and there are no separate meters; all rents are inclusive. Based on full occupancy, the property generates approximately $105,744 in gross annual income, with an estimated net operating income of $58,729/year and an approximate 7. 73% cap rate based on the $760,000 asking price. The property features hot water boiler heating (2012), metal roofing on one portion (2018), a new asphalt shingle roof (2026), and vinyl siding (2021). R4 zoning; permitted uses and zoning information are available upon request. 48 hours' notice required for all showings. Income and expense sheet and a recent building inspection are available upon request.
    Listing IDX13807912
    Address49/51 Bridge Street
    CityGreater Napanee, Ontario
    Price$760,000
    Bed / Bath9 / 7 Full
    Style2-Storey, Multiplex
    ConstructionBrick, Vinyl Siding
    TypeMulti-Family
    StatusFor Sale

    Subtype MultiplexIndoor Features Water Heater OwnedAmenities Golf, Hospital, Park, Place Of Worship, Rec./Commun.Centre, SchoolOwnership FreeholdBasement Full, UnfinishedFoundation Slab, StoneHeating / Cooling WaterHeating Fuel GasSewer Sewer

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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.

    Hospital
    Parks
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    Place of Worship
    Please select an amenity above to view a list.

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    49/51 Bridge Street
    Greater Napanee , Ontario
    9 7 $760,000
    Get more info