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3244 COUNTY 41 ROAD, Greater Napanee (Greater Napanee)

· 5 BATHS

$598,000

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.

General Info


MLS Listing ID: X14122812 Bedrooms: 0 Bathrooms: 5 Year Built: 0
Listing Type: Multi-family Half Baths: N/A Fireplace Fuel: N/A Maintenance Fee: N/A
Foundation: N/A Roof: N/A Title To Land: N/A Parking Space Total: 5
Parking: N/A Heating: Baseboard heaters Size: N/A Air Conditioning : Partially air conditioned
Home Style: N/A Finished Floor Area: N/A Fireplaces: N/A Basement: N/A
Water Supply: Drilled Well Road Type: N/A Pool Type: N/A

Amenities/Features


  • Irregular lot size

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