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$ 849,000
Est. payment | /mo
5 Baths
$ 849,000
Est. payment | /mo
5 Baths
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Subdivision Greater Napanee
MLS® Listing ID X11891040
Originating Board Kingston & Area Real Estate Association
Property Description
Discover a fully tenanted 5-unit legal non-conforming apartment building offering a robust gross income of $90,780 per year and an impressive 8.7% cap rate. This property has seen significant upgrades, including a newer well and septic system, along with cosmetic enhancements to select units, ensuring minimal maintenance and tenant satisfaction. Ideally situated just 10 minutes north of Highway 401 in the charming village of Roblin, this investment gem offers a serene rural setting with easy access to urban centers. Centrally located, its just 2 hours from both Toronto and Ottawa .Dont miss your chance to own this income-generating property perfect for seasoned investors or those looking to expand their portfolio. **** EXTRAS **** Please review all documents attached. (id:24570)
Location
Province ON
Interior
Heating Baseboard heaters
Cooling Partially air conditioned
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 5
Private Pool No
Building
Sewer Septic System
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
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