Prime investment opportunity in the heart of historic downtown Napanee! This fully tenanted, mixed-use building offers two residential units and a commercial storefront, generating a total annual rental income of $37,416. Recent upgrades include electrical panel updates (Fall 2024) and the installation of new 3 separate hydro meters. The residential units are fully rented, with one tenant paying utilities and the others enjoying all-inclusive arrangements. The commercial storefront provides excellent potential, with permitted uses available upon request. Located in the quaint Town Square, the property is surrounded by charming boutiques, restaurants, and the allure of small-town living. With annual expenses of $14,100.48 and a CAP rate of 5.98%, this is an ideal investment for those seeking steady cash flow in a prime location. Don't miss this opportunity to own a versatile property in one of Napanees most desirable areas. All Showing requests must be made 48 hrs in advance. (id:47482)
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
| MLS® Number | X11942177 |
| Property Type | Retail |
| Community Name | Greater Napanee |
| Parking Space Total | 8 |
| Bathroom Total | 4 |
| Appliances | Refrigerator, Two Stoves |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 3,950 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Sewer | Sanitary Sewer |
| Size Depth | 168 Ft ,11 In |
| Size Frontage | 32 Ft ,7 In |
| Size Irregular | 32.61 X 168.94 Ft |
| Size Total Text | 32.61 X 168.94 Ft |
| Zoning Description | C3 |
https://www.realtor.ca/real-estate/27845894/133135-john-street-greater-napanee-greater-napanee
Contact us for more information
(613) 548-2550
www.remaxhallmark.com/
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Not intended to solicit buyers or sellers currently under contract. © 2021 | Penny Blake Home Team | Built with Love by Aaru Canada
