Description

 Price: $ 598,000.00 MLS^®: X13042640         Location : 3244 County 41 Road, Greater Napanee, ON K0K 2W0

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.

Location Description

Located on the Corner of Roblin Rd & County Road 41 in the Village of Roblin

Property Details

• Community: 58 - Greater Napanee
• Property Type: Tenant/Commercial
• Bath: 5
• Garages: None

Building Features

Features

• Heating: Baseboard
• Sewer: Septic ,
• Water System: Drilled Well