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49/51 BRIDGE STREET W, Greater Napanee (Greater Napanee)

9 BEDS · 7 BATHS · 5000 - 100000 sqft

$760,000

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. All seven 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 is required for all showings. Income and expense sheet and a recent building inspection are available upon request.

General Info


MLS Listing ID: X13807912 Bedrooms: 9 Bathrooms: 7 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: Slab, Stone Roof: N/A Title To Land: N/A Parking Space Total: 8
Parking: No Garage Heating: N/A Size: 5000 - 100000 sqft Air Conditioning : None
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: Full (Unfinished)
Water Supply: Municipal water Road Type: N/A Pool Type: N/A

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