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$ 849,000
Est. payment | /mo
5 Baths
$ 849,000
Est. payment | /mo
5 Baths
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision Greater Napanee
MLS Listing ID X11891040
Annual Tax Amount $4,121
Tax Year 2024
Property Sub-Type Investment
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.
Location
Province ON
County Lennox & Addington
Community Greater Napanee
Area Lennox & Addington
Interior
Cooling Partial
Exterior
Utilities Available Yes
Lot Frontage 72.18
Lot Depth 139.86
Others
Virtual Tour https://unbranded.iguidephotos.com/3244_county_rd_41_roblin_on/
Listed by RE/MAX HALLMARK FIRST GROUP REALTY LTD. , BROKERAGE
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
130 King St. W. Unit 1800B, M5X1E3, Toronto, Ontario, Canada